Freeports and SEZ special economic zones: 12 UK Freeports are located inside much larger SEZs, they range from 34 to 75km in diameter. Free zones are expansionist experiments in corporate governance/deregulation. - ThreadSky

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xrgpsandelders.bsky.social • 2 days ago

Freeports and SEZ special economic zones:
12 UK Freeports are located inside much larger SEZs, they range from 34 to 75km in diameter.
Free zones are expansionist experiments in corporate governance/deregulation.

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xrgpsandelders.bsky.social•2 days ago

UK free zones contravene EU rules on State aid which is given to companies in the free zones as profit motive with numerous corporate tax breaks set at 10 years, and licenses set at 25 years.

xrgpsandelders.bsky.social•2 days ago

This is illegal in the EU, there are 82 SEZs in the EU but they are strictly regulated to prevent market distortion which creates an unlevel playing field, deregulation and devolution are synonymous with 'localised freedoms' which benefit corporations while laying waste to public infrastructure.

xrgpsandelders.bsky.social•2 days ago

Councils already collapsing will, inside SEZs further atrophy unable to compete with monopolistic firms such as Blackrock who are making serious incursions into the public sector, private equity asset-strips councils then

xrgpsandelders.bsky.social•2 days ago

those same corporations benefit from metro Mayors like Andy Burnham and Steve Rotheram who enjoy newly acquired CEO status, local councils are being merged into mega councils.
This is how public infrastructure is preyed upon by corporations.

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