Freeports could be transformative
2 August 2019
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Victoria Hewson comments on the creation of up to ten Freeports after Brexit
Commenting on the announcement that up to ten Freeports will be created after the UK leaves the EU, the Institute of Economic Affairs’ Head of Regulatory Affairs Victoria Hewson said:
“Done right, Freeports can be transformative. This announcement sends a strong message that the UK is serious about embracing the freedoms that come with leaving the EU customs union and single market.
“We should ensure that this programme frees businesses from the burdens of bureaucracy and high taxation in a truly creative way; and encourages real investment rather than diversion of business from other parts of the country.”
Notes to editors:
For media enquiries please contact Emma Revell, Communications Manager | 07931 698 246
Further IEA reading on policy reform after Brexit:
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems and seeks to provide analysis in order to improve the public understanding of economics.
The IEA is a registered educational charity and independent of all political parties.
“Done right, Freeports can be transformative. This announcement sends a strong message that the UK is serious about embracing the freedoms that come with leaving the EU customs union and single market.
“We should ensure that this programme frees businesses from the burdens of bureaucracy and high taxation in a truly creative way; and encourages real investment rather than diversion of business from other parts of the country.”
Notes to editors:
For media enquiries please contact Emma Revell, Communications Manager | 07931 698 246
Further IEA reading on policy reform after Brexit:
- Under Control: What HMRC can do to prepare and optimise customs processes for all outcomes
- Fertile Ground: Opportunities and challenges for UK agriculture
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems and seeks to provide analysis in order to improve the public understanding of economics.
The IEA is a registered educational charity and independent of all political parties.
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