Kwarteng to announce plans for low tax investment zones:
The creation of low tax, low regulation investment zones is set to be announced by Kwasi Kwarteng in the “mini budget” today. This is after the unanimous recognition that growth should be supported across the country and targeted action is required to increase the speed for this. In practice planning rules are set to be loosened, in turn land being “released” and development accelerating. There are 38 areas across England to be included in this plan. This is in line with Truss’ leadership campaign where she mentioned bringing growth to the forefront when in power.
Do you believe these cuts will be enough to kickstart the growth?