Investment zones could be scaled back amid fears that the tax breaks will become an “open-ended cheque book”.
The low tax, low-regulation business areas are one of the key “supply-side” reforms that the prime minister pledged to deliver.
Chancellor Jeremy Hunt has committed to keep the policy, but sources inside the Treasury say there will have to be a cap on the number to avoid a tax liability of up to £12bn a year.
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Including:
Prima, Real Living and Cantay Estates have received funding for 189-bed PBSA
Katy Davis named as an equity partner at the firm
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
