The Chancellor travelled to Davos to seek more investment in Britain at the World Economic Forum’s annual meeting.

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Rachel Reeves has been championing investment in Leeds at the World Economic Forum in Davos, as the Government announced new reforms to try and drive regional growth.

Ms Reeves told an event at the World Economic Forum in Davos that the Government will make changes that will result in tax treatment that is 'more generous' to some individuals.

Experts said the tax changes contributed to a growing exodus of millionaires from the UK - and the chancellor should find ways to attract them back to help the economy.