Here is what the page “Healey’s First Budget to Include £1.5bn Devolution Package to Boost Local Growth” contains. Chancellor John Healey’s inaugural budget on Wednesday will feature a significant devolution package aimed at shifting power and funding away from Westminster and towards local leaders in England. Building on Andy Burnham’s promise that mayors will no longer have to come “cap in hand to Westminster,” the plans include a new £1.5bn borrowing facility developed in collaboration with mayors over the next two years.
This move is designed to unlock local growth by giving regional authorities greater financial autonomy and the ability to invest in infrastructure, skills, and services tailored to their areas. The devolution drive reflects a broader government strategy to rebalance the UK economy and address regional inequalities, with mayors such as Burnham playing a central role in shaping the new funding mechanisms. For the complete material, the listing points back to the source inside the network.