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

  • Paul R
    It might be better to spend the money on increased assistance to help people switch to EVs instead. Otherwise motorists will always be dependent on the next war...
  • Michael BG
    Nigel Jones, “When we debated FPC’s planned program last year, some said we should have included tax issues in that program” Indeed. I didn’t s...
  • Suzanne Fletcher
    Far too late for me to comment, but just skimmed through the replies and I agree with most. Most important is that as Caron says, it was announced where hundre...
  • Robyn Peel
    A key difference between the Liberal Democrats and other parties is that members go in their own right, not as representatives of their local party; we have att...
  • PM
    @ Jeff, I was meaning resources to be everything that is available to be bought in the economy. If govt adopts a fiscally reflationary policy it is possible ...