Reeves plans to give England’s regional leaders a share of national tax revenues

Chancellor seeks genuine break with the past' in tackling centralised and geographically unequal' country

Rachel Reeves has announced that the Treasury will draw up proposals to hand England's mayors a share of national tax revenues as part of a radical plan to rebalance the economy.

The chancellor promised a genuine break with the past" that would shift spending power away from Westminster, as she promised to create investment-led growth across the UK.