The government wants to ensure that tax breaks for freeports aren’t wasted
That makes them more complicated and potentially less fair
ENTER THE port of Tilbury and you will see heaped-up building materials, imported, processed and waiting to be carted to construction sites. With London nearby and a pandemic-related increase in demand for home extensions, business is booming—or rather, beeping, as vehicles lift and pile containers into stacks. Things quieten as you go east to land that is part of Thames Freeport, one of eight experiments in boosting deprived areas. The hope is that when generous tax breaks become available for new investors on November 19th, the hubbub will spread.
This article appeared in the Britain section of the print edition under the headline “On the dock”
Britain November 20th 2021
- The NHS faces a bleak winter
- Azeem Rafiq claims anti-Asian abuse is widespread in English cricket
- British Indians are emerging as an important group of swing voters
- Britain’s economy does not lack oomph, but productivity is lagging
- Britain’s inequalities are spelt out in its surnames
- The government wants to ensure that tax breaks for freeports aren’t wasted
- Britain’s establishment has split into two, each convinced it is the underdog
From the November 20th 2021 edition
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