What drives him is how much he can line his and his mates pockets. He failed to say the Tories contributed to the closure 6 years ago!! Unbelievable Hypocrisy.
Strangely the EU did try free ports, but they were considers to be a waist of time, as inport & export tax does have to be payed at some point & any manufacturer will get away with paying even LESS tax than they do now, which will upset any other country the products are being shipped to, so tariffs will get higher. So a loose loose for the UK
The carbon capture program is costing 4 billion pounds to bury 10million tonnes of carbon I have a boiler design which needs 500k funding which will eliminate 10million tonnes of carbon
Does a Freeport mean this site is not actually part of the UK for Tax reasons. Will tax be applied to finished products that move from the Freeport into the Actual UK, obviously with the exception of NI
For goodness sake let's wait and see, it seems to me that at least it's onward and upward for Teesside and the best of luck to 'one' of the best mayors in country. 👍
To pay for all of this "levelling up" requires mass amounts of spending of money the country does not have. Don't forget the Covid debt has to be paid back. The Treasury have said "levelling up" requires a lot of borrowing, which will push up inflation considerably and leave the gov with little choice but to raise taxes. The books have to be balanced, don't want another recession
