What Are Freeports? Sunak Announces 8 Freeports Locations in England

Chancellor of the Exchequer Rishi Sunak announces location of eight new freeports in England.
Sunak speaks in Parliament: Freeports will be in East Midlands Airport. Felixstowe and Harwich, Humber, Liverpool City Region, Plymouth, Solent, Thames and Teesside
Sunak: “Freeports are special economic zones with different rules to make it easier and cheaper to do business. They’re well-established internationally, but we’re taking a unique approach. Our Freeportswill have: simpler planning - to allow businesses to build; Infrastructure funding - to improve transport links; Cheaper customs - with favourable tariffs, VAT or duties; And lower taxes - with tax breaks to encourage construction, private investment and job creation. An unprecedented economic boost across the U.K.”
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[@MrVidification]

Not just laundering, some articles mention they can potentially increase not so legal movement. If there are tax breaks, are those regions still registered as in the UK or is it a case of selling off parts of England to corporations?

[@ppodism]

If there’s a need for freeports, doesn’t it demonstrate that the Brexit deal we had was unworkable?

[@achillestheant430]

fight inequality LMAO

[@andrewcawdell]

Relaxed planning rules are not an "advantage" for communities blighted by green-field warehouse developments surrounded by high fences and security lighting.

[@guilhermep8414]

The voice of Mr Hammond is incomprehensible

[@lewisner]

Not a single mention of Brexit ?

[@standardprocedure7017]

0:03

[@bryce7889]

Books on shelf arranged by color made this otherwise good video difficult to watch.

[@Spedley_2142]

Top comment! Made my morning, thanks.