Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, May 29
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Finance»UK Budget 2025: Reaction and analysis
    Finance

    UK Budget 2025: Reaction and analysis

    November 26, 20252 Mins Read


    Metro mayors received a small nudge towards fiscal devolution in the Budget.

    Reeves confirmed that local officials will be able to raise a so-called “tourist tax” by adding a surcharge to hotel bills in their areas.

    Mayors have long been pushing for such powers, but the Treasury had previously resisted. In Greater Manchester, mayor Andy Burnham has suggested the revenue could be used to fund the local bus network, which has recently been brought back under public control.

    In West Yorkshire, Leeds council will also be allowed to retain future growth in business rates, in part to fund regeneration in the city’s South Bank area, recently designated a priority “new town” by the government.

    Henri Murison, chief executive of the Northern Powerhouse business lobby group, said such devolution was welcome. 

    However he added that while the new mansion tax will be raised locally by councils, it would be used to “top up Whitehall funds”. 

    As a result the debate on “mayors and councils having access to wider range of tax instruments” would now “only intensify”. 

    Reeves made no mention of “Northern Powerhouse Rail”, the east-west rail upgrades intended to include a new line between Manchester and Liverpool, the announcement of which has been repeatedly delayed.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleJudge Backs Elliott’s $6 Billion Bid for Venezuela’s Citgo — Commodities Roundup
    Next Article Chancellor swoops on landlords and wealthy homeowners

    Related Posts

    Finance

    Your Finance Team Doesn’t Have A Speed Problem

    May 26, 2026
    Finance

    How Finance Leaders Drive Growth During Market Changes

    May 26, 2026
    Finance

    Finance ministry updates travel allowance for public sector workers

    May 26, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Investing

    Why January 2026 CPI Is Misleading: The Shutdown Distortion Explained

    February 13, 2026
    Utilities

    How one of the largest utilities is integrating renewables and implementing new grid tech in Florida and beyond

    March 6, 2025
    Bitcoin

    Bitcoin n’est pas une plate-forme de paiement

    April 10, 2025
    What's Hot

    Berkshire Hathaway Without Buffett: Record Markets, Uncertain Answers

    April 29, 2026

    Trump weighs Iran deal or military action, to decide by Sunday as Bitcoin drops to two-week low

    May 23, 2026

    Bitcoin (BTC) Price Analysis: Can Vanguard’s ETF Shift Unlock New Demand?

    September 27, 2025
    Most Popular

    Le bitcoin perd plus de 5 % pour atteindre son niveau le plus bas depuis le 11 novembre -Le 28 février 2025 à 04:26

    February 27, 2025

    Stock Market LIVE Updates: GIFT Nifty suggests a muted start; Infosys, ICICI Bank, Zydus Life, BPCL, MTNL in focus

    August 13, 2025

    Boost for the High Street as vacant commercial property grant re-opens

    May 13, 2025
    Editor's Picks

    Dow, S&P 500, Nasdaq futures hold steady with Fed minutes on deck

    October 7, 2025

    Billions $ Withdrawn from Exchanges! Is a Rise to $72,000 Coming?

    July 19, 2024

    Chinese businessmen ‘built London property empire from huge romance scam’

    October 15, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.