UK plans to create 'freeports,' cut taxes: Sunday Telegraph

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak reacts as he leaves Downing Street, in London, Britain July 8, 2020. REUTERS/Hannah Mckay

Sunak will open the bidding for towns, cities and regions to become freeports, which would place them outside UK customs territory, in his autumn budget later this year, the newspaper said, citing a copy of the plans it said it had seen. Sunak plans to confirm the successful bids by next spring and introduce major tax and regulatory changes in those areas at next year’s budget, the Telegraph added.

The successful bidders designated as freeports will ultimately be legally outside UK customs territory, with goods imported, manufactured or re-exported without incurring national tariffs or import VAT until they enter the rest of the economy.

Loss of Hong Kong, is leading UK to becoming like Hong Kong.

Name it Hong Kong!

Good move for World Economy

One way to start bridging the gap in Defund Police and fund VA Widows Home Ownership Foundation (VAWHOF). VAWHOF's mission is to provide VA widows, on Pensions of $800/MO, with homes they own. VAWHOF will leave a legacy for VA Widows, their children, and impoverished communities.

They need to eliminate the VAT.

Almost as if lowering taxes spurs private sector growth and job creation, or something.

No point if you fucked of the Chinese they are won't invest. No Chinese company wants to risk a Huawei. Ask the US the Chinese won't come.

Take care of the virus and quit trying to buy people.

Please help us question the DOJ's poor priorities enabling America's religious fringes. DOJ's reasons are wrong to consciously ignore children's rights who are used as sex toys by too many religious leaders of FBI classified DANGEROUS religious sects.

But cutting taxes is racist.

Thats very good news !

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