'Screeching U-turn' on freeports may bring new investment and jobs
Updated: 21/01/2021, 7:10 pm © SYSTEM Dundee could be one location for a freeport. Scottish ministers have announced plans to establish Scotland’s first green freeports in a “screeching U-turn” that could attract major new investment and jobs. Freeports, which have special status that allows companies to defer paying tax or owe none at all if they make products on-site, are already planned in England in a bid to encourage more trade and mitigate the economic harms of Brexit. The Scottish Government has confirmed it now plans to adapt the UK model to establish “fair, sustainable, gree...