Keir Starmer, Prime Minister of Britain will give the go-ahead to five special economic zones – once labelled a “Brexit benefit” by the Tories to drive growth and jobs.
The Prime Minister has backed the new wave of ‘freeports’, which attempt to encourage business to low-tax areas.
They were first established by Margaret Thatcher and then championed by Rishi Sunak who introduced eight hubs across the country.
It’s expected the five zones will be formally named in the Budget next week by Chancellor Rachel Reeves.
There will also be confirmation of a new investment zone, where the government ploughs in cash, in the East Midlands to catalyse growth and investment.
But Sir Keir says he is bringing them “with no ideological lens” despite being a Tory initiative.
The Sun
