# Budget 2026 live: Burnham faces PMQs before Healey delivers budget

- URL: https://talkfuse.com/story/budget-2026-live-burnham-faces-pmqs-before-healey-delivers-budget/
- Published: 2026-10-28T12:03:05+00:00
- Updated: 2026-10-28T13:29:38+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/uk-news/live/2026/oct/28/budget-2026-latest-updates-john-healey-andy-burnham-labour-uk-politics
- Topics: Art, Business, Culture, Government, Politics, UK, World

## Key points

- Mayors are set to gain new funding and tax powers.
- An extra £1.5bn in devolved loans was announced.
- All business rates are due to be retained locally by decade’s end.

## Summary

John Healey announced plans to give mayors more funding and control over local tax revenues, saying the changes would help them invest in their economies and infrastructure. The measures form part of a wider shift towards fiscal devolution, allowing more money raised in an area to be spent there.

Mayors will receive £1.5bn in additional devolved loans, while 20% of business rates revenues will go to them from next year. The government says 100% of business rates will be retained locally by the end of the decade; from 2028, mayors will also receive a share of income tax receipts and gain powers to introduce an overnight visitors levy.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.