Post Brexit trade zones estimated to create 150,000 jobs, with focus on the North of England

According to new unearthed reports, the Prime Minister has a post-Brexit “oven-ready” plan for the North, which will boost the economy and create thousands of jobs.

After Britain leaves the EU, Mr Johnson is expected to create duty-free ports.

Goods entering Freeports are exempt from import taxes and tariffs and often benefit from simplified regulations, helping bring economic success to locations such as Singapore and Hong Kong.

The UK is currently prevented from establishing such zones as an EU member, but by integrating Freeports with local enterprise zones, they would become “super charged”, providing a major boost to regional economies.

Experts estimate the trade zones could create more than 150,000 jobs and generate billions.

In a recent column for the Yorkshire Post, the Conservative Mayor of Tees Valley Ben Bouchen claimed that throughout his leadership campaign, the Prime Minister rightly touted Freeports as a key benefit of Brexit.

Mr Bouchen noted that since he started to campaign for a Freeport on the Tees two years ago, he found that the idea has genuine support across the political spectrum.

He wrote: "Even traditional Labour voters, at least those in my region, can see the benefits. I’ve spent the past year and a half putting it together with trade experts, top economists, the ports sector, and businesses large and small."

Redcar's new Tory MP, Jacob Young, backs Mr Bouchen's calls for a Freeport.

It was a key part of his election campaign, and he reportedly enjoys the support of all of the Tees Valley’s five Conservative parliamentarians.

Mr Bouchen added: "I’d be a fool to think the first-time Conservative voters that have transformed the political landscape of the North are now committed free marketeers, but in backing the Prime Minister and his promise of Freeports, they have given their support for an economically liberal policy that could benefit them in a big way."

In August 2019, International Trade Secretary Liz Truss unveiled a new Freeports Advisory Panel to advise the Government on the establishment of up to 10 free ports.

Ports and airports across the country will be able to bid for free port status and it is expected they will have a similar effect to the boost given to London’s Docklands in the Eighties.

The Government said this will reduce costs and bureaucracy, encouraging manufacturing businesses to set up or re-shore.

Writing exclusively for the Daily Express in August 2019, Ms Truss said: “Freeports transformed London’s Docklands in the Eighties, and Freeports will do the same for towns and cities across the UK."

Source: Daily Express