Free Trial

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


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.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.