Chancellor Jeremy Hunt is set to backtrack on another Mini Budget policy by cancelling plans for lower tax investment zones in next week's Autumn Statement.
Initially reported by the Financial Times, it stated Whitehall sources close to levelling-up secretary Michael Gove claim he has been clamouring for the zones to be dropped, in favour of a revamped urban regeneration policy. Sources said the plans may not be scrapped entirely, but could be significantly scaled back. The Big Picture: What were the biggest stories from October? The investment zones were one of the few proposals in the former prime minister's Mini Budget that had not been U-turned on by the Sunak-Hunt team. Liz Truss's proposal was to offer businesses tax cuts and...
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