Kwasi Kwarteng to announce network of low-tax investment zones

The chancellor, Kwasi Kwarteng, is expected to announce the creation of a network of low-tax, low-regulation investment zones in an emergency budget on Friday.

by | 18 Sep, 2022

Planning regulations will be relaxed in up to 12 places earmarked for this status, and taxes will be cut to incentivise investment.

The announcement, which is expected to take deregulation further than the post-Brexit freeports set up by Boris Johnson’s government, will be part of a package that will also see the rise in national insurance contributions abandoned, a planned increase in corporation tax scrapped and green levies temporarily removed from fuel bills.
Read more at The Guardian

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