Lmao, get real. Nobody wants to trade with us anymore
If freeports are good, then why not make the whole country a freeport?
Obviously this is an idea to make rich richer.
Typical British business will not benefit from it, actually it will make them less competitive.
Whoever came up with this idea is an idiot in my opinion.
‘could’ is doing more heavy lifting than a reachstacker right there.
Anything that makes Holyhead less of a deprived and depressing dump has to worth a shot.
from the linked article
>Companies based in freeports will also benefit from lower rates of national insurance – a tax paid on employees’ wages – if they take on new staff.
how does that work then, and who makes up the shortfall?
> “We can bring businesses that wouldn’t ordinarily come to Holyhead, they can take advantage of what a freeport brings, but also create new jobs, and create economic growth for the whole of north Wales, and for the UK.”
Tranlated, this means “Companies are very interested in moving work they were going to do anyway to a place where they can avoid paying taxes and, hopefully, worker rights are stripped back.”
The people who have to make up that lost tax are, of course, you and me.
The last freeport in the UK only closed in 2012. What is going to make them work now that didn’t make them work then?
The word ‘could’ is doing so much work here I’m considering giving it a raise.
Haven’t they heard? We don’t need more jobs, there’s a worker shortage. What we do need is more tax revenue. Like what you don’t get from a free port.
9 comments
Lmao, get real. Nobody wants to trade with us anymore
If freeports are good, then why not make the whole country a freeport?
Obviously this is an idea to make rich richer.
Typical British business will not benefit from it, actually it will make them less competitive.
Whoever came up with this idea is an idiot in my opinion.
‘could’ is doing more heavy lifting than a reachstacker right there.
Anything that makes Holyhead less of a deprived and depressing dump has to worth a shot.
from the linked article
>Companies based in freeports will also benefit from lower rates of national insurance – a tax paid on employees’ wages – if they take on new staff.
how does that work then, and who makes up the shortfall?
> “We can bring businesses that wouldn’t ordinarily come to Holyhead, they can take advantage of what a freeport brings, but also create new jobs, and create economic growth for the whole of north Wales, and for the UK.”
Tranlated, this means “Companies are very interested in moving work they were going to do anyway to a place where they can avoid paying taxes and, hopefully, worker rights are stripped back.”
The people who have to make up that lost tax are, of course, you and me.
The last freeport in the UK only closed in 2012. What is going to make them work now that didn’t make them work then?
The word ‘could’ is doing so much work here I’m considering giving it a raise.
Haven’t they heard? We don’t need more jobs, there’s a worker shortage. What we do need is more tax revenue. Like what you don’t get from a free port.