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Thatcher’s Enterprise Zones to Make a Comeback?

Enterprise zones, introduced by Margaret Thatcher’s Conservative Government back in 1979, could be making a comeback if reports of their revival are true. According to the London Evening Standard Chancellor George Osborne and Business Secretary Vince Cable are discussing the merits of bringing back Thatcher-style enterprise zones in order to boost the economy. Firms that work in enterprise zones to create jobs could be incentivised by tax breaks, making business more appealling in areas where there is the greatest need. In the past areas such as Corby in the East Midlands and Tyneside have benefited greatly from the influx of job creation opportunities from firms encouraged to establish factories and offices. (For a full rundown see the HMC’s List of enterprise zones.) London D... »