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A UK think tank says England’s mayors and regions should be funded by taxes raised locally rather than central government grants, with safeguards to prevent poorer areas from losing out as ministers plan to shift power from London.
Yen surges on speculation of intervention
GBP stable vs EUR, weakens vs USD
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - 01:00 (FI) Finland Jun Consumer Confidence: No est v -10.5 prior; Business Confidence: No est v 3 prior - 02:00 (SE) Sweden May Trade Balance (
Burnham is drawing up plans for devolution ahead of a key city speech
UK's Burnham is drawing up plans for devolution ahead of a key city speech