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Mon May 10, 2021, 08:55 AM

UK freeports blow as exporters face tariffs to 23 countries

Ministers admit some markets will be subject to duties under post-Brexit deal

Companies in freeports will not get to enjoy the full benefits of the tax-efficient zones if they export to certain countries including Canada, Norway, Switzerland and Singapore, the government has admitted.

Prime Minister Boris Johnson and Chancellor Rishi Sunak have declared that eight new English freeports — announced in the Budget — will be a “transformational” benefit from Brexit.

But officials disclosed on Sunday that recent post-Brexit trade agreements with 23 different countries included clauses that specifically prohibit manufacturers in freeport-type zones from benefiting from the deals.
...
The freeports to be outlined in the spring Budget are at Teesside, London Gateway, Liverpool City Region, Humber, Felixstowe, Southampton, Plymouth and East Midlands Airport.

https://www.ft.com/content/625d1913-9242-4d97-9d0b-9cd6925c4e0e?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a#


One's sense of surprise that this wasn't foreseen when much-trumpeted trade deals were signed with the countries affected is tempered when one remembers that the negotiator was Liz Truss. Reading fine print - indeed any size of print - doesn't seem to be a strong point.

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Reply UK freeports blow as exporters face tariffs to 23 countries (Original post)
Emrys May 10 OP
Miguelito Loveless May 10 #1
T_i_B May 10 #2

Response to Emrys (Original post)

Mon May 10, 2021, 10:02 AM

1. How long will it take for it

Last edited Mon May 10, 2021, 05:41 PM - Edit history (1)

to sink into Brexit voter's thick skulls that they completely crewed themselves?

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Response to Miguelito Loveless (Reply #1)

Mon May 10, 2021, 04:19 PM

2. With the majority of Brexshitters being elderly...

...they are for the most part unaffected or oblivious to the damage being done.

I think there are only 2 things that would force them to reconsider their dogma, and both are catastrophically bad. One is food shortages and the other is pension cuts. I personally hope we don't get either.

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