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The Guardian - UK
The Guardian - UK
Politics
Andrew Sparrow Political correspondent

Kwasi Kwarteng to announce network of low-tax investment zones

Kwasi Kwarteng Liz Truss Boris Johnson NHS
Kwasi Kwarteng, the chancellor
Kwasi Kwarteng, the chancellor, will give an emergency budget on Friday. Photograph: Toby Melville/Reuters

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.

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

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