Post-Brexit plans unveiled for 10 free ports

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The government is planning to create up to 10 free ports across the UK after Brexit.

They allow firms to import goods and then re-export them outside of normal tax and customs rules.

The UK last had such zones in 2012 and Prime Minister Boris Johnson believes they could create jobs in “left-behind areas”.

Labour said the move involved no new investment and could attract money launderers and tax dodgers.

Seaports and airports will be able to apply for free port status, to be set up after the UK is due to leave the EU on 31 October.

Such zones are allowed under EU law, although backers argue the benefits would be greater after Brexit if the UK can diverge from EU rules.

Via BBC

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