In a historic move, UK Prime Minister Andy Burnham has announced that regional mayors will receive a share of income tax as part of a significant devolution initiative aimed at empowering local governance. This plan, expected to take effect from 2028, will allow mayors to have greater control over financial resources, including a retention of business rates and taxes collected within their areas. Local leaders, including those from the North East and London, have welcomed the changes, anticipating improved funding for local projects and services. The initiative is seen as a transformative step in addressing long-standing challenges in town and city governance, as Burnham emphasized the need for a system that truly benefits local communities. As devolution plans unfold, mayors across the UK are preparing to invest tax revenues back into their regions, possibly enhancing the lives of residents in every postcode.