Labour leader Sir Keir Starmer plans to propose five new freeports and an investment zone in the East Midlands for boosting economic growth and job creation.
Labour leader Sir Keir Starmer plans to announce five new freeports and an investment zone in the East Midlands in the upcoming Budget. These initiatives aim to boost economic growth and create jobs, particularly in high-tech green industries. While freeports have attracted £2.9 billion in investment and created 6,000 jobs, critics question their effectiveness in generating new economic activity. The government seeks to ensure these zones attract fresh investment rather than merely shifting existing funds.
October 25, 2024
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