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PM Truss-Gov't Will Introduce 'Low Tax Investment Zones' Across Country

UK

Wires carrying comments from PM Liz Truss delivered to business leaders in NYC ahead of her UNGA address later today.

  • Truss: Chancellor will address reforms to Solvency II and MiFID regulations on Friday.
  • Truss: UK open to negotiating trade deal w/US 'when they're ready'. When travelling to the US on Tuesday, Truss stated that an FTA with the US was not likely in the short or medium-term. No progress was ever likely while the issue of the Northern Ireland protocol is yet to be resolved with Brussels, given the significant importance placed on the Good Friday Agreement in Democratic circles in particular in Washington, D.C.
  • Truss says gov't will be introducing 'low tax investment zones' across the country. Previous Chancellor and leadership contender Rishi Sunak had talked up freeports as a way to boost regions outside traditional economic centres. This would go one further, significantly de-regulating entire areas in terms of tax and planning in an effort to draw commercial activity.
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