# Healey’s first budget to include big devolution package to boost growth

- URL: https://talkfuse.com/story/healeys-first-budget-to-include-big-devolution-package-to-boost-growth/
- Published: 2026-10-24T21:30:43+00:00
- Updated: 2026-10-25T06:08:24+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/uk-news/2026/oct/24/andy-burnham-john-healey-first-budget-devolution-growth-package
- Topics: Business, UK, World

## Key points

- Healey plans a £1.5bn borrowing facility for local leaders.
- Local areas will receive £285m in growth funding next year.
- The budget is expected to include energy support and tax rises.

## Summary

John Healey’s first budget is set to include a devolution package giving English local leaders more control over spending, with the aim of boosting regional growth. Andy Burnham said the changes would reduce the need for mayors to seek central government approval for individual projects.

The plans include a £1.5bn borrowing facility to be developed with mayors over two years, £285m in initial “good growth” funding next year and £150m to help local authorities manage larger budgets. The temporary funding is intended to bridge the gap until a system planned for 2028 gives some income tax revenue directly to local areas. The budget is also expected to include help with energy costs and modest tax rises.

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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.