Mini Budget 22: Tax cuts to benefit 'investment zones'

Chancellor attempting to drive growth in the economy

James Baxter-Derrington
clock • 1 min read
Zones will only be designated following both an expression of interest process and local consent.
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Zones will only be designated following both an expression of interest process and local consent.

New investment zones will offer businesses tax cuts and reduced regulation in an attempt to drive growth and encourage investment across the UK.

Revealed as part of Chancellor Kwasi Kwarteng's Mini Budget, 38 local authorities are currently in discussion to establish investment zones in England, with plans to expand these across Scotland, W...

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