UK chancellor Rishi Sunak caught industry offguard today, revealing eight winning bids for UK freeport status as he announced the Budget.
East Midlands Airport, Felixstowe, Humber, Liverpool, Plymouth, Solent, Teesside and Thames were all awarded freeport status, amid expectations that the first one will be online by the end of the year.
Mr Sunak said the new freeports would operate under rules that made it “easier and cheaper” to do business.
He added: …
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Source: The Loadstar
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