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...These mechanisms would mean elected mayors would avoid having to bid for their share of various departmental funding pots and give them more flexibility over how they spend the money....
...Last month Sunak cancelled the northern leg of the high-speed railway line, but confirmed that HS2 would run from Euston station in the centre of London to Birmingham in the Midlands....
...The costs of the alternative line could be covered “through a combination of government funding and private finance, with repayment through access or user charges on the new line”, according to a statement...
...This was in spite of the government granting £500mn in emergency funding last month....
...Downsizing one’s home in later life can deliver a big boost to retirement funding as a result of long-term growth in UK property prices, research has shown, but the rewards are spread unequally across the...
...Greater powers and funding for local authorities help ensure policy decisions tie in with realities on the ground....
...The government is upping the funding that councils receive, but the hangover from the austerity years remains....
...In a sign of division widening in the party over the matter, Conservative West Midlands mayor Andy Street said: “I would give that money back.”...
...Finally, devolved areas need predictable long-term funding, including via greater tax retention and revenue-raising powers....
...The Special Interest Group of Municipal Authorities (Sigoma), which represents 48 urban councils across the North and Midlands and along the south coast, told the Financial Times that five of its members...
...“The description is not one I recognise on the ground in the West Midlands,” he said....
...It added Network North “is funding vital rail projects in the north and midlands”, which were “over and above” the government’s last rail strategy from 2021....
...Their estimated cost figure for phase one also does not reflect our decision to secure private funding for Euston, or the direction not to proceed beyond the Midlands....
...Have we reached that position with local government funding? Well, maybe....
...Councils on the brink | Michael Gove, communities secretary, will announce a 6.5 per cent increase in funding for local councils in England, but the rise is unlikely to quell fears of a wave of de facto...
...A Conservative official said Network North would mean “better journeys for everyone across the country, with the lion’s share of investment in the north and midlands”....
...and political leaders have long warned that performance failures on the West Coast Mainline, which connects London with the UK’s biggest cities, are significantly damaging the economy of the North and Midlands...
...Meanwhile the optics of the funding crisis pose a dilemma for Rishi Sunak....
...The total funding gap for local authorities in England and Wales is expected to grow to £2bn or more this financial year, according to the Local Government Association....
...The sector lost £15bn in grants over a decade, with inflation eating into a bigger than expected funding settlement agreed by ministers last year....
...Rishi Sunak is widely expected to promise a number of transport projects in the north and the midlands in his speech today, using savings from the scrapping of HS2 rail project’s northern leg....
...“There is a broad range of support for staff affected, including a dedicated transition board backed by £80mn funding from UK government and £20mn from Tata Steel.”...
...Nici is keen to point out that Grimsby has been designated as part of a new “Humber Freeport” and has received government funding worth more than £100mn through the government’s flagship “levelling up” programme...
...The director of The Orchard Private Day Nurseries chain in Derby, a city in the East Midlands of England, said the funding crisis affecting providers like him would be heightened this year as the government...
...existing mayoralties — including West Yorkshire and Liverpool city region — will be able to gain more powers in future, bringing them closer to the beefed-up deals secured by Greater Manchester and the West Midlands...
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