UK pushes ahead with freeports plan

Eight freeports will be established in England as part of the British finance minister’s annual budget unveiled yesterday. The first tranche of freeports include successful bids from East Midlands Airport, Felixstowe/Harwich, Liverpool, Humber, Plymouth, Solent, Thames and Teesside. Businesses located within the freeports will benefit from tax breaks including no stamp duty, full rebates for …

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