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Kwasi Kwarteng to announce network of low-tax investment zones

Regulations will be relaxed in up to 12 places, with taxes cut to incentivise investment

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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