Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she plans to allow mayoral combined authorities to retain a proportion of additional tax revenues generated by major infrastructure investments in their areas.

At her Mais Lecture, the Chancellor committed to work with mayors, businesses and other stakeholders to develop a fiscal devolution roadmap, to be published at the Budget, setting out plans to give regional leaders control over the allocation of a share of some national taxes.

As part of that work, the Government is considering how Mayoral Strategic Authorities can share more directly in the proceeds of growth, including where new jobs, housing and businesses increase revenues. As set out at the Mais Lecture, the Government is looking at income tax alongside other taxes.