Tag Archives: freeports

Ten freeports by Spring; Boris’s post-Brexit economic miracle

What should the Liberal Democrats do about Boris’s freeports idea? It is alleged that 85,000 jobs will be created.

What is a freeport?

It is a simple idea as old as customs duties themselves. Countries designate an area of land accessible in some way from outside their territory, as outwith their national boundaries for the purposes of customs, taxes and regulations. This means the freeport is a quasi-foreign territory free of all taxes and inspections, even though physically it is inside the host country.

The point is that goods or materials can come into the territory without paying any duties …

Posted in Op-eds | Also tagged | 13 Comments
Advert

Recent Comments

  • Chris Cory
    @Richard Whelan. You speak the truth. There is no compelling narrative. People feel that we represent a sort of middle of the road, a tweak here and a tweak ...
  • Peter Davies
    @Peter water companies are generally geographically split according to the centres of population supplied not the areas from which it is extracted. They dispose...
  • Barry Rhodes
    Caron this is such an accurate account of the all talk show. Iain Dale is such a great interviewer bringing out the best in anyone he interviews. I agree...
  • Peter Martin
    @ Peter, " If you treat (supply of water and sewage disposal) as one industry and structure it to provide the commodity, the real problem will not get f...
  • Simon Horsman
    I've not looked at the agenda in depth but although it seems most worthy I saw little on the economy, taxes and money. Resources are not sufficient but they ar...