Post-Brexit free ports are a Boris Johnson red herring
With Brexit still in the balance, the future outline of any British free port is also hazy, despite Johnson wanting to establish up to 10 of them in Britain
Geneva/Luxembourg — In Prime Minister Boris Johnson’s post-Brexit vision of a dynamic economy unshackled from the EU, depressed British port cities will come roaring back to life as tax-exempt free ports. A concrete bunker on the edge of Luxembourg’s airport provides a useful reality check.
There, on a side road flanked by dirt banks and a highway, a black-and-white sign surrounded by weeds indicates you’ve arrived at “Le Freeport”. First impressions don’t smack of a hive of activity, or even intrigue.