Politics

Britain’s first new free port opens today in multi-billion pound Brexit trade boost


BRITAIN’S first new free port throws open its doors today in a multi-billion pound Brexit trade boost.

Teesside is one of eight low-tax hubs set to turbocharge business with a £23billion shot in the arm.

The free port in Teesside will bring an influx of wealth to the area

2

The free port in Teesside will bring an influx of wealth to the areaCredit: Getty
Neil O'Brien, the Levelling Up minister, said free ports will create a network of Silicon Valleys nationwide

2

Neil O’Brien, the Levelling Up minister, said free ports will create a network of Silicon Valleys nationwideCredit: Getty

Ministers last night vowed to do everything to lure “top-end employers” from across the world.

Levelling Up minister Neil O’Brien said free ports will create a network of Silicon Valleys across the country.

He told The Sun: “The number one thing they can deliver is a huge number of really good jobs.

“We’ve brought together a huge range of tax breaks to really strongly incentivise firms to bring new jobs.

“The ability to have incredibly exciting access to international trade is a spur to getting top-end employers in. Outside the EU you have a lot more freedom.”

Teesside is set to see the creation of more than 18,000 jobs.

Mayor Ben Houchen declared: “We’re throwing our doors open to the world.

“The sky’s the limit.”

Felixstowe, the Humber, Liverpool, Plymouth, Solent, the Thames, and East Midlands Airport sites open next year.

The Sun Says

FREE ports are a direct benefit of Brexit worth billions . . . turbo-charging the economy locally and nationally.

So we warmly welcome the first as it opens on Teesside today.

It is true that free ports, huge economic zones with major tax and tariff breaks, exist in the EU. But Brussels’ suffocating tax rules limit their usefulness.

Our network of them — more will open next year — are set to attract huge firms and generate vast numbers of jobs.

One levelling-up idea is on track, at least

Britain hails fishing victory over France as Emmanuel Macron ‘backs down’ from trade-war threats

We pay for your stories!

Do you have a story for The Sun news desk?





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

close