Freeports: What are they and will they make the UK money?

02/26/2021

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Sebastien Ash | Paul Seddon | BBC News

Creating around 10 “freeports” across the UK could help boost trade and manufacturing after Brexit, according to the government.

Chancellor Rishi Sunak – who is expected to announce the location of some freeports in his Budget on Wednesday – says they could “turbo-charge” the economic recovery in the wake of Covid-19.

But critics insist they do not benefit the economy overall, and increase the risk of tax dodging and lower employment standards.

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