Government fleshes out plans to ‘rewire state’ with devolution deals

By Tom Lowe2026-10-28T16:12:00

Budget 2026 cover c. Kirsty O'Connor Treasury

Mayors to get powers over income tax and business rates

The government has fleshed out its plans to devolve more powers to regional leaders in today’s Budget with mayors to be handed control of business rates by the end of the decade.

In a new funding model for regions announced by chancellor John Healey today, mayors will be given a 20% share of business rates from next year and, in 2028, an assignment of income tax and powers to introduce overnight visitors’ levy.

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