Not the declared aim. Levelling up London mentioned - re attract business that has been lost to the US, and maybe get more.The bankers' pay cap thing, I can accept could have a very strong trickle-down effect by bringing a whole load of work/ers to the country.
The services side of things do show a trading surplus. I'd imagine a lot of that is banking etc related. It seems from a city man they pay 10% of our taxes. I can see that increasing but past that - pass. It seems to suggest that this type of service that isn't here needs to move here.
Trickle down and nuts - no the link isn't nuts and what has been changed so far really - top rate of income tax below the point needed according to theory. The enterprise zone idea is another aspect where various business costs will be reduced. That has been known to cause businesses to move within the same country. Or it can cause new ones to move in. Where are they and when?
Corporation tax hasn't been reduced. An intended increase is not going to be applied. One of the worries the market may have is just how much tax Sunak intended to raise. Obviously he was nuts.
The tax cut effect from a BBC page
The cut, which applies to annual earnings between £12,571 to £50,270, comes a year earlier than planned.
In a surprise move, the 45% highest tax band for people who earn over £150,000 a year has also been axed.
The reduction in income tax, along with the reversal of the National Insurance rise, will see higher earners save more money.
A person earning £20,000 a year will save £167, according to analysts at EY.
Meanwhile, an individual with an income of £40,000 will save £617 and person with earnings of £60,000 will save £969. A person on £100,000 will get an extra £1,469.
It will be interesting to see if the BofE does step in. Then all of the arguments will crop up. Some one posted some of them already.