Thames Freeport opened for business last week with estimates that it will draw £4.5 billion of new investment and create 21,000 skilled jobs, as well as ‘turbocharge’ the region’s green credentials. Positioned on the doorstep of the UK’s busiest ports and the large labour market of London and the south east, the freeport is designed […]
The locations of eight new freeports in England have been announced. Freeports are usually located around shipping ports, or airports. Goods that arrive into freeports from abroad aren’t subject to the tax charges (tariffs). Taxes are only paid if the goods leave the freeport and are moved elsewhere in the UK. Otherwise, the goods are […]