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‘The cautious route is ambitious’: call for tiered approach to fiscal devolution

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A new tier of “advanced” mayoral authorities should be granted full fiscal governance and enhanced borrowing powers as part of moves to bolster devolution across England, according to a new paper.

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The Institute for Public Policy Research (IPPR) and IPPR North have called for mayors to be handed a 5% share of income tax revenues,

Plans to hand mayors a portion of income tax revenues risk funding for richer areas pulling ahead by billions of pounds a year unless carefully designed safeguards are built in, the Institute for Fiscal Studies has warned.

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