'Investment zones’ with huge tax cuts for businesses announced for Lancashire
It is thought that businesses will receive “accelerated” tax reliefs for 10 years for structures and buildings, and 100 per cent tax relief on investment in plant and machinery in the specified zones.
“To support growth right across the country, we need to go further, with targeted action in local areas. She said: “Businesses across the UK will enthusiastically welcome the Chancellor’s pledge to focus on economic growth and speed up new infrastructure development. “Inevitably, the devil will be in the detail of these proposals, and they must strike the right balance between reform and providing for a sustainable future.
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