Kwarteng to announce planning deregulation initiative on Friday

By Carl Brown2022-09-21T06:00:00

Reports suggest chancellor will add detail to Liz Truss’ pledge to boost development and cut red tape

Kwasi Kwarteng is expected to announce plans on Friday for the creation of low-tax investment zones in which planning rules and other regulations would be eased to boost development.

The new Chancellor of the Exchequer is widely reported to be preparing to include plans for the new zones as part of a tax-cutting “mini-budget”.

According to The Guardian, planning regulations will be relaxed in up to 12 places earmarked investment zone status. The West Midlands, the Thames estuary, the Tees Valley, West Yorkshire and Norfolk are among the areas where the zones may be sited.

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