Foreign Secretary pitches low-tax investment zones

Liz Truss, the UK’s Foreign Secretary, who is currently in the race to become the next prime minister, recently stated that she would introduce low-tax and light-regulation investment zones throughout the country if she comes to power in order to spur on economic growth.

The recently unveiled plan is the newest policy offered that has been designed to gain support from the Conservatives’ grassroots members, who will ultimately decide who the next leader of the Tory party will be. Under it, areas would be selected to be redeveloped and would be awarded features like reduced planning restrictions along with a lower tax burden with the aim of encouraging enterprise and investment.

Commenting on her plans regarding low-tax investment zones, Truss stated that she would be strongly focused on increasing business investment and that the zones would provide growth that the UK desperately needs. To date, additional government borrowing and tax cuts have been a prominent part of her campaign; however, many investors feel her prospectus has a greater economic risk than her rival, Rishi Sunak’s.

Savers and consumers across the country often seek out expert investment advice in Shropshire, Cheshire and other counties when faced with a new opportunity to obtain assets. Wealth managers can be an invaluable option in such instances and can offer unbiased and expert advice. They can help their clients to understand the risks and returns involved in an investment, along with explaining current investment regulations to them in plain English that is easy to grasp.

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