UK’s Truss To Introduce Low-Tax Investment Zones

UK Prime Minister Liz Truss said on Wednesday that her government ponders the proliferation of low-tax investment zones across the country. “Alongside the tax statement that the finance minister will lay out, he’ll also lay out a series of supply-side reforms to make our economy more productive over the long-term, in areas like financial services,” Truss added.

Regarding a probable trade agreement with the US, Truss reiterated that the UK government is open to negotiate a trade deal when the US is ready to do so.

Truss’ comments imposed further pressure on the British pound. AT the time of writing, the GBP/USD pair is trading at 1.1326 versus Tuesday’s closing price 1.1326 where it was down 0.47% on a daily basis.