Andy Burnham, devolution of power
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Andy Burnham, frontrunner to be Britain’s next Prime Minister, vows strict Labour fiscal discipline while unveiling a “No 10 North” to drive regional devolution, reindustrialisation and higher living standards,
The First Minister’s comments come as Andy Burnham made his first speech after Sir Keir Starmer’s resignation.
The favourite to be the next prime minister will set out his economic vision in a speech in Manchester.
But if Burnham wants to turbocharge his ambitions by prioritising fiscal devolution – specifically giving tax-raising powers to local government – he must do more than choose the right chancellor. He must win over a Treasury that has long been sceptical of increased autonomy for regional and local government.
Standard Chartered Bank’s Chief Economist for Europe and UK, Christopher Graham, reviews Andy Burnham’s plan to make devolution a central pillar of his premiership.
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