It’s budget time again on Wednesday, when as part of the government’s plans to ‘turbo-charge’ post-Brexit trade and the economic recovery from Covid-19, Chancellor Rishi Sunak is expected to unveil the first locations around the UK to be awarded freeport status.
Unveiled in pre-Covid 2019, the government’s embrace of freeports was timed ahead of our potential no-deal departure from the EU’s customs union and single market. Freeports were put forward as part of the UK’s planned emergence as an independent trading nation for the first time in fifty years. Treasury tool With an economy where growth…
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