Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Truss

Investment

Truss’ ‘investment zones’ cancelled!

Liz Truss 'investment zones' are hit by efforts to reduce tax breaks and in fear of creating an 'open ended cheque book'. The creation of scores of new low-tax, low-regulation business areas was one of the key “supply-side” economic reforms that the prime minister announced last month. While new chancellor Jeremy Hunt on Monday scrapped many of the measures in the “mini” Budget to help calm financial markets, he said supply-side reforms, including the new investment zones, would be kept. Under the current plans, companies in designated areas will benefit from full business

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Investment

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. _______

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Investment

Truss warned corporation tax cuts have not fuelled investment:

Business investment in the UK has fallen to the bottom of the G7 group of wealthy nations, despite the tax cuts. Ministers are preparing for £30bn of giveaways targeted at companies and high income workers. These cuts were put in place to help drive up economic growth towards a target rate of 2.5% a year. However, the IPPR said slashing the headline rate from 30% in 2007 to 19% in 2019, orchestrated by the former chancellor, George Osborne, did not spur higher private investment or faster economic growth. Studies have shown corporation tax cuts used by successive Conservat

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