6 Feb 2021
Over 30 airports and seaports across the UK are bidding to become freeports, otherwise known as free trade zones, in a post-Brexit trade shakeup that could see 10 tax and regulation-lite or free regions created.
The UK government is seeking to “turbocharge” the regions in the post-Brexit economy through the creation of ten so-called freeports, an opportunity potentially so lucrative for the regions involved the business-focussed
Financial Timesreports that 30 ports, airports, towns and cities have applied to be considered.
Several areas have revealed their hopes to become one of the ten, including the city of Sheffield, a group of docks near Bristol, and a group of docks and industrial areas in the Thames estuary and east London. The government is expected to reveal its choices in March. The