• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Politics

Conservative plans for post-Brexit ‘free ports’ will increase tax avoidance, Labour claims

Ministers unveil plans for 10 new free ports

Joe Mellor by Joe Mellor
2020-02-10 12:49
in Politics
Boris Johnson
FacebookTwitterLinkedinEmailWhatsapp

Plans for up to 10 new free ports across the country have been unveiled by the Government.

Ministers claim the new “business and enterprise hubs” will create thousands of jobs.

A consultation process is being launched by the Government aimed at naming the locations of the free ports by the end of the year so that they can be open for business in 2021.

Chief Secretary to the Treasury Rishi Sunak said: “Free ports will unleash the potential in our proud historic ports, boosting and regenerating communities across the UK as we level up.

“They will attract new businesses, spreading jobs, investment and opportunity to towns and cities up and down the country.

“This is all part of our mission as an open, outward-looking country, championing global free trade with vibrant free ports that work for all of the UK.”

Secretary of State for International Trade Liz Truss said: “We are taking back control of our trade policy, and opening every corner of the UK to opportunities across the world.

RelatedPosts

Farmer’s passionate speech about Brexit ‘could have been made yesterday’

Nigel Farage’s ‘Judeo-Christian’ remarks prompt shocked response

Sunak dubbed ‘reverse Robin Hood’ following funding comments

‘MP Rosie Holt’ takes her leadership bid to Edinburgh Fringe Festival

“Free ports will unleash the potential of our historic ports, creating jobs and regenerating communities across the UK. These hubs will also deepen partnerships around the world as we restore our economic and political independence.”

Business Secretary Andrea Leadsom said: “Free ports represent a fantastic opportunity for our businesses to increase their trade with companies from all over the world.

“Not only will they help create jobs and level up the UK, but they underscore our commitment to championing global free trade – unleashing our country’s potential.”

Regeneration

Communities and Local Government Secretary Robert Jenrick said: “Our new Free ports will drive forward investment and regeneration, delivering high-skilled jobs and new homes for people across the country.”

The free ports could see goods brought in to them not receiving tariffs until they enter the domestic market, with no duty payable if they are re-exported.

Free ports could be located inland as well as adjacent to ports , the Government said.

Once the 10-week consultation is completed, the Government will invite sea, air and rail ports to bid for free port status “on a competitive basis”.

Ministers said a full customs declaration would not be required to move goods into a free port.

Far-right

Labour’s shadow chancellor John McDonnell said the move was the initiative of a “far right” Government.

He said: “This is the revival of a failed Thatcherite plan from the 1980s, designed to cut away at regulation and our tax base.

“There is very little solid evidence that so-called free ports create jobs or boost economic growth, showing this up as another ideological move from a far-right government.

“This plan only represents a ‘levelling-up’ for the super-rich, who will use free ports to hoard assets and avoid taxes while the rest of us feel the effects of under-funded public services.”

But Mr McDonnell said: “This is the revival of a failed Thatcherite plan from the 1980s, designed to cut away at regulation and our tax base.

“There is very little solid evidence that so-called freeports create jobs or boost economic growth, showing this up as another ideological move from a far-right government.

“This plan only represents a ‘levelling-up’ for the super-rich, who will use free ports to hoard assets and avoid taxes while the rest of us feel the effects of under-funded public services.”

Related – ‘He’s lying to you’ sign to go on display in Brussels museum

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Laura Kuenssberg says what she really thinks in microphone blunder at Covid briefing

Trump launches re-election campaign, presents himself as outsider and victim

Beer of the Week – Meantime London Lager

Truss insisted on ‘luxury lunch’ at club owned by Tory donor & people aren’t impressed

Leeds makes Lonely Planet’s top European destinations for 2017

VIDEO – People THANK Iain Duncan Smith for stopping their benefits…he claims

‘Clusterf*ck’: MPs fume after being locked out of crucial coronavirus call

Conservatives have become party of “far-right ideology and intolerance”

PLAYLIST: Best of OCTOBER 2017

‘Prime day:’ Fish sellers used phrase before Jeff Bezos ‘was a glint in his mother’s eye,’ after legal notice sent

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.