UK Budget to Give English Mayors £1.5 Billion Borrowing Facility
Finance minister John Healey is set to announce the facility and new funding and powers for English mayors in next week’s budget.
British finance minister John Healey will use next week's budget to hand mayors in England new funding and powers, including a £1.5 billion ($2 billion) borrowing facility, as part of plans to move economic decision-making out of Westminster.The measures include £285 million of seed funding next ye…