Liverpool city region tax plan carries risks, says IFS

Summary

Economists at the Institute for Fiscal Studies (IFS) give a cautious welcome to the news that devolved regions are to get a share of income tax but warn the policy does carry risks.

New Prime Minister Andy Burnham says he will proceed with former Chancellor Rachel Reeves's plan to replace much of the grant funding that England's regional mayors get with a share of the income tax and business rates raised in their areas.

This is a summary written for the Liverpool Business Services catalogue. The full article belongs to Liverpool Business News; read it at source.

---

Questions people ask

Who reported this story?

It was published by Liverpool Business News on 3 August 2026.

Where can I read the full article?

The full story is at Liverpool Business News; use the link on this page. This catalogue summarises and credits it, and never republishes the article.