Labour will give control of business rates to local councils so they can collect the revenue themselves, rather than it being redistributed from the current central pool, Ed Miliband is expected to announce.
In his speech, the Labour leader will say:
The next Labour government will ensure city and county regions, like this powerhouse economy in Leeds, get control of business rates revenue so that any extra money raised here ... can be invested here.
I know the next Labour government cannot solve every problem by pulling levers in Whitehall.
We can only do it by working with, harnessing the energy, the ideas and the dynamism of great businesses, cities, county regions.
More top news
Girls should swap dolls for toys such as Lego and Meccano to get them more interested in science and engineering, top scientist claims.
A mother feared to have been planning to travel to Syria with her four children has been arrested after returning to the UK.
Labour leadership contender Yvette Cooper has accused Jeremy Corbyn of not being straight with people over the economy.