U.K. Revives Thatcher-Era Freeports in Bid to Stimulate Trade
The Plymouth port area that includes South Yard, the site of the Devonport freeport in Plymouth, U.K.
Photographer: Jason Alden/BloombergNothing saps British trade experts’ enthusiasm like freeports.
In a rabbit-out-of-his-hat moment in his first post-Brexit budget last week, U.K. Chancellor of the Exchequer Rishi Sunak revealed the eight English ports that will become low-tariff zones.