Sign up Thank you for subscribing We have more newsletters Show me See our privacy noticeMinisters should offer foreign firms tax breaks to pump cash into Red Wall areas, a Tory think-tank urges today. A report by Onward calls on the Government to make it more attractive to invest in regions struggling to compete with the cash-soaked South East and London. A study says that while foreign investments in London tripled between 1997 and 2016, they dropped 15% in the rest of the UK over the same period. Its 69-page report, 'Firm Foundations: Levelling-up inward investment', says: “Foreign direct investment (FDI) can have a transformative role on a country’s long-term growth. “The UK should introduce a combined tax relief and immigration route to encourage senior executives to choose Britain as a destination for their investment,” it says.

Source: Daily Mirror May 17, 2021 23:01 UTC