LIVE: PM Boris Johnson hails Treasury and freeport news on visit to Teesside with Chancellor
The visit comes after the confirmation that Teesside is to get freeport status and Treasury North will be based in Darlington
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The Prime Minister Boris Johnson and Chancellor Rishi Sunak are visiting Teesside following a momentous Budget for the area.
The pair will visit Teesport a day after it was confirmed that Teesside is one of eight locations that will be designated as a freeport.
A free port is an area - either a shipping port or an airport - where goods do not incur import taxes.
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by Contributor on Monday Dec 21 2020
Photo by Diogo Hungria on Unsplash
By David Huntley; republished with permission from Watershed Sentinel
The Trans Mountain Expansion pipeline is being built to transport Alberta’s diluted bitumen to tidewater and then by tanker to overseas markets. In 2011, the National Energy Board gave Trans Mountain priority access for 79,000 barrels of oil per day for ten years on the existing branch pipeline to Westridge Marine Terminal, so that new overseas markets could be developed in Asia and elsewhere.
1 The oil companies have had nine years to develop these new markets and have failed in this task. So why build the new pipeline? Construction should be paused until a new business case is made for it.