In case anyone cares, most serious analysis of Freeports doesn’t suggest they’re worth it.
See this from Sussex Uni trade group @uk_tpo
blogs.sussex.ac.uk/uktpo/tag/free… 1/
They tend to displace rather than create jobs. Investment is also, when looking at them historically, inefficient.
But perhaps more importantly the EU is clear they are a fraud and smuggling risk.
ec.europa.eu/info/sites/inf… /2
The EU hates them? I can hear the Brexiteers cheering...but not so fast /3
ec.europa.eu/info/sites/inf…
If your “plan” is to get a barebones FTA after a no deal #Brexit it might not be smart to advertise your plan to create regulatory risk.
Coz EU does care about level playing-field...and will dig in on a soft/managed “no deal” if U.K. signalling like this. /4
So it’s sort of good if witless propaganda on the @10DowningStreet Twitter feed...but you guessed it. They got Twitter in Brussels too. And I’m already hearing the LPF grumbles.
As always #Brexit is about choices. Sorry to bang on as ever. ENDS.
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