Reeves plans fiscal power devolution for UK regions

Finance Minister Rachel Reeves announced plans to give regional leaders control over a share of national taxes. A roadmap will be published at the next budget.

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The United Kingdom is preparing to grant its regions enhanced fiscal autonomy as part of a strategic push to boost economic growth and productivity. Finance Minister Rachel Reeves announced on Tuesday that the government is currently developing a roadmap for fiscal devolution, which is expected to be unveiled alongside the upcoming national budget.

Chancellor Rachel Reeves departs 11 Downing Street to give the Mais Lecture in London, March 17, 2026. REUTERS/Suzanne Plunkett
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