Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Truss Promises Low-Tax UK Investment Zones in Pitch to Tory Base

July 24, 2022, 9:30 PM

Foreign Secretary Liz Truss, who is leading the race to be Britain’s next prime minister, said she would introduce low-tax, light-regulation investment zones across the UK to spur economic growth if she came to power.

Under the plan, which is the latest policy offer aimed at wooing the 175,000 Conservative Party grassroots members who ultimately decide the next Tory leader, areas would be selected for redevelopment. They’d be given features such as reduced planning restrictions and a lower tax burden to encourage enterprise, according to a statement from the Truss campaign late on Sunday.

Truss’s rival in the race ...