by 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 rates relief on newly occupied or expanded premises.
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Is undoing Kwarteng’s work the best way to move forward?