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Fiscal devolution: call to devolve £5bn in local taxes to mayors

Mayors would have control of a locally raised taxbase worth £5bn a year under an ambitious new plan for fiscal devolution.

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Proposals from Centre for Cities would see a portion of revenues raised locally from income tax and corporation tax replace current integrated settlements up

A large cohort of CFOs have been put back into a “washing machine of turmoil” following the government’s decision to pause and review local government reorganisation (LGR).

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