UK News Today | 2 Min News | The Daily News Now!
London’s mayor could soon get a direct slice of the city’s own tax pie—2.3% of income tax and 0.8% of corporation tax—under a bold new plan from Centre for Cities to replace central grants with local revenue control. This fiscal devolution would let City Hall fund public transport, housing, and growth projects using its own economic success, reducing reliance on Whitehall and boosting accountability. The proposal also includes a “Swiss-style” redistribution system to ensure wealthier areas don’t hoard gains, leveling the playing field while rewarding growth nationwide.
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https://www.mylondon.news/news/zone-1-news/sadiq-khan-should-bigger-cut-34620641
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