Budget 2023: Jeremy Hunt to create 12 new low-tax ‘investment zones’ across UK

The Independent says Jeremy Hunt is set to announce a dozen new low-tax “investment zones” across Britain at this week’s Budget in a bid to boost growth and help “level up” areas outside of London.

The chancellor is expected to reveal 12 zones clustered around universities – radically scaling back a scheme introduced by the former prime minister Liz Truss which saw hundreds of councils bid against each other.

The Treasury said each zone would get £80m of support over five years – including generous tax incentives to attract businesses to left-behind parts of the country.

https://www.independent.co.uk/news/uk/politics/budget-announcement-2023-jeremy-hunt-b2300026.html