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Andy Street

@andy4wm

Co-Chair @prosper_UK_ | First Mayor of the West Midlands and former MD of John Lewis | Chair @birminghamrep
West Midlands, England linktr.ee/andy4wm Joined September 2016
1.4K Following 58K Followers 16K Posts

Latest posts 5

Andy Street @andy4wm
Some welcome progress on Poundland. The extra time to find a new owner who can rebuild the business is a relief

BUT the current owners MUST allow Poundland access to its own funds to trade properly, as we approach an important trading period of the year

news.sky.com/story/poundlan…
news.sky.com Poundland secures extended deadline for possible rescue Crisis-hit Poundland has secured an extended deadline for a potential rescue amid political pressure for a solvent sale of the chain.
Andy Street @andy4wm
Fiscal devolution is a major step forward. But we must go further.

Mayors need genuine control over local revenues to invest in transport, skills and infrastructure for the long term.

Prosper UK has set out how. Now we need to build on this progress.

prosperuk.com/set_up_for_suc…
www.prosperuk.com Set up for Success? The Case for Greater Devolution
Prosper UK Verified account @Prosper_UK_ 3d
In July, we called for greater fiscal devolution, giving mayors control over more of the taxes raised in their regions.

The Government has now taken an important step in that direction.

@andy4wm explains why in the @FinancialTimes.

ft.com/content/923240…
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0 replies 5 reposts 10 likes 1.7K views View on X
Andy Street @andy4wm
The apparent dismantling of Poundland, a Walsall-based business, is disgraceful

Why has a viable bid been rejected in favour of breaking up the business?

The owners must be called in to explain this. Poundland must be saved to protect thousands of jobs

news.sky.com/story/poundlan…
news.sky.com Poundland closer to collapse as it files notice to appoint administrators Poundland has been suffering rising costs - particularly for wages and employer national insurance contributions - and strong competition.
194 replies 18 reposts 114 likes 30K views View on X
Andy Street @andy4wm
We started this journey in 2018, devolving business rates in the West Midlands and Greater Manchester.

Good to see that experience has given the Government confidence to extend this nationally, with income tax devolution also moving forward, as I’ve long argued.
Beth Rigby Verified account @BethRigby Oct 28
DEVOLUTION: Roadmap to fiscal devolution. 100 per cent of biz rates will be retained locally by the end of the decade.
From 2027 20 % business rates revenues will go to mayors
From 2028, a share of income tax receipts will go to mayors as well
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