Truss resignation simply adds to confusion

The resignation of Liz Truss as prime minister after just 45 days in office has simply added to the confusion over what policies are being pursued by the government. The industry has been dealt another blow in a time of acute economic instability, as the future of Investment Zones, the planning “reset”, levelling-up funding, environmental regulations and even business rates becomes ever more murky. So far, Truss’s plans to overhaul the planning system, hack back environmental “red tape” and introduce low-tax, low-regulation Investment Zones are still government policy. However, the austerity measures being pushed through by the chancellor have the potential to cut back vital infrastructure and levelling-up funding, with Jeremy Hunt saying that “nothing was off the table”. But even that agenda is now uncertain, with another prime minister expected to be selected by the end of next week, before the publication of the Halloween fiscal statement. To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews Photo © Kirsty Wigglesworth/AP/Shutterstock