Manufacturers based in Boris Johnson’s new freeports will not be able to enjoy the full benefits if they are exporting to a series of countries with which the UK has signed post-Brexit trade deals.
The Prime Minister and Chancellor Rishi Sunak have championed freeports – special economic zones offering tax breaks and lower tariffs – as a part of the Government’s “levelling up” agenda to spread economic growth and jobs across the country.
But Labour said a “catastrophic blunder” means manufacturers operating within freeports could face tariffs on their exports to key markets including Switzerland, Canada, Norway and Singapore, despite the UK’s free trade agreements with those countries.
Manufacturers based in Boris Johnson’s new freeports will not be able to enjoy the full benefits if they are exporting to a series of countries with which the UK has signed post-Brexit trade deals.
The Prime Minister and Chancellor Rishi Sunak have championed freeports – special economic zones offering tax breaks and lower tariffs – as a part of the Government’s “levelling up” agenda to spread economic growth and jobs across the country.
But Labour said a “catastrophic blunder” means manufacturers operating within freeports could face tariffs on their exports to key markets including Switzerland, Canada, Norway and Singapore, despite the UK’s free trade agreements with those countries.
Manufacturers based in Boris Johnson’s new freeports will not be able to enjoy the full benefits if they are exporting to a series of countries with which the UK has signed post-Brexit trade deals.
The Prime Minister and Chancellor Rishi Sunak have championed freeports – special economic zones offering tax breaks and lower tariffs – as a part of the Government’s “levelling up” agenda to spread economic growth and jobs across the country.
But Labour said a “catastrophic blunder” means manufacturers operating within freeports could face tariffs on their exports to key markets including Switzerland, Canada, Norway and Singapore, despite the UK’s free trade agreements with those countries.
Manufacturers based in Boris Johnson’s new freeports will not be able to enjoy the full benefits if they are exporting to a series of countries with which the UK has signed post-Brexit trade deals.
The Prime Minister and Chancellor Rishi Sunak have championed freeports – special economic zones offering tax breaks and lower tariffs – as a part of the Government’s “levelling up” agenda to spread economic growth and jobs across the country.
But Labour said a “catastrophic blunder” means manufacturers operating within freeports could face tariffs on their exports to key markets including Switzerland, Canada, Norway and Singapore, despite the UK’s free trade agreements with those countries.
Manufacturers based in Boris Johnson’s new freeports will not be able to enjoy the full benefits if they are exporting to a series of countries with which the UK has signed post-Brexit trade deals.
The Prime Minister and Chancellor Rishi Sunak have championed freeports – special economic zones offering tax breaks and lower tariffs – as a part of the Government’s “levelling up” agenda to spread economic growth and jobs across the country.
But Labour said a “catastrophic blunder” means manufacturers operating within freeports could face tariffs on their exports to key markets including Switzerland, Canada, Norway and Singapore, despite the UK’s free trade agreements with those countries.