Chancellor Kwasi Kwarteng will name Greater Manchester as one of 38 areas in line to get its own investment zone, in his mini-budget speech tomorrow (September 23) . The government hopes these new investment zones - specially chosen places where businesses will get tax cuts - will drive growth and the development of things like shopping centres, restaurants and office spaces.
The Chancellor is to promise what he has called a 'new era for Britain', a plan focusing on driving economic growth.
Dubbed 'The Growth Plan', the package will include 30 measures to tackle the rising energy bills, which has caused millions up and down the country to feel the crunch, and to also drive down inflation and cut taxes. The Government is expected to lower taxes and cut regulation in a bid to 'encourage business investment' 'create jobs' and 'improve living standards for everyone'.
