UK Government to Unveil Five New Freeports in Economic Growth Push

Prime Minister Keir Starmer announces plans for new freeports and an East Midlands investment zone to stimulate regional development.

Chancellor Rachel Reeves will announce the locations for five new freeports in the upcoming budget.
The initiative aims to boost economic growth by creating low-tax zones to attract investment and jobs.
The new freeports are part of a broader strategy to enhance regional development across the UK.
An East Midlands investment zone will focus on high-tech green industries, following plans laid by the previous government.
Critics argue freeports may not generate new growth but rather redistribute existing jobs and investment.