Freeports: the Chancellor’s economic weapon

The rollout of freeports across the UK is designed to drive trade following the UK departure from the EU, offering a raft of tax breaks for investors. Charlotte Sallabank, tax partner at Katten Muchin & Rosenman UK LLP, assesses the pros and cons

There is no arguing that it will take some time for the UK, and indeed the world, to recover from the Covid-19 pandemic. Couple this with Brexit, and the Chancellor Rishi Sunak had quite a task on his hands to deliver a Budget to both help families and businesses through this crisis and stimulate economic growth.

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