Rachel Reeves will not unveil any new freeports in the Budget on Wednesday despite Downing Street saying last Friday that the UK planned to build five more of the tax-free sites, government officials have admitted.
The chancellor will instead announce only “next steps” on five existing freeports, which will receive official clearance to have customs sites within their boundaries, the officials said.
Reeves will also approve plans for a separate “investment zone” in the East Midlands that were put forward by the previous Conservative government last year.
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