Quarteng’s announcement (whose tangible tax effects are expected to cost the exchequer, according to critics, at least £30 billion a year) should serve to show that the government will keep the promises made during Liz Truss’s campaign. Completing quickly. For the conservative leadership, when it said investment sectors would be at the heart of its plan to stimulate growth.
The West Midlands, the Thames estuary, the Tees Valley, West Yorkshire and Norfolk may be the areas where new “special” zones should be created. As per the strategy of the truss, each zone will have a central zone, where urban planning rules and regulations will be loosened in favor of industrial, commercial and residential development, and a suburb where urban planning rules for housing will be streamlined.
The Treasury, for its part, is considering whether, in addition to offering lower taxes for businesses that operate in the areas, it can guarantee lower personal taxes for those who live or work there. We do.
Politics likely to focus primarily on EnglandHowever the Truss also wants to work with developed governments to create investment zones in Scotland, Wales and Northern Ireland.
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