Профиль

But sharper growth incentives need to be balanced with managing the risk of wider gaps between regions. Had mayors kept a share of Income Tax since 2010, that part of funding would have grown much more in London than anywhere else. That's much more regional variation than we've seen in practice.

Autumn Budget 2026 has just been announced for 28 October so it’s time to get technical about living standards. The two main measures of household income, RHDI and HBAI, can tell very different stories. The new @resolutionfoundation.org spotlight I’ve just published explains why. 🧵⤵️

Today, the Government gave us the first real details of its plans for devolution. The headline measure is letting mayors keep a slice of Income Tax raised in their areas, in an effort to sharpen their incentives to grow. www.gov.uk/government/n...

PM hands mayors share of income tax to make lives better in every postcodeThe Prime Minister will today launch the biggest transfer of power from Westminster in a generation, giving communities greater control over the decisions that shape jobs, transport, housing and publi...www.gov.uk

BoE holds rates at 3.75% for the fifth time in a row on 6-3 Committee vote. Bigger question for today is what the Bank has to say about how long high inflation is going to hang around. This matters for the new government and struggling families. Thread on that to follow...

“A lot of the [NEET] problem is technical education routes,” Andy Burnham said today. Good to see the PM’s read matching what our research shows. A thread 🧵