Rishi Sunak said the creation of new free ports at the end of the Brexit transition period will deliver a much-needed boost to the British economy. The Chancellor unveiled a new scheme allowing local coastal communities to apply to become a free port, insisting the move would attract investment and create jobs. Speaking to Sky News, Mr Sunak said: “This week the Prime Minister will be publishing our plan for green revolution with an exciting set of opportunities to create jobs and drive growth across the UK as we transition to net zero.
“Exciting news that we’re launching our bidding prospectus for free ports allowing local communities to apply to become a free port.
“And now that we’ve left the EU we have the opportunity to do things differently. Free ports are an excellent example of that.
“Areas with enhanced tax incentives, other supports and also easier customs processes mean you can attract investment, create jobs and drive growth.
“And it’s a perfect example of our levelling up agenda in practice.”
More to follow…