Abstract
On the 2nd February 1981 the Treasury, announced Britain's first six freeport sites. These, i t was claimed, represented a "geographical mix with a spread of airports and seaports which would enable the five year experiment to be properly tested." Thus ended more than a year of debate, applications and assessment within government and the forty-five bodies who applied for freeport status. The result, however, was much more than a victory for the 'chosen six - Belfast, Prestwick, Liverpool, Birmingham, Cardiff and Southampton - it was also a victory for political expedience over economic experience and sense. This brief contribution examines the rationale behind the decision and its prospects.
Original language | English |
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Pages (from-to) | 70-71 |
Number of pages | 2 |
Journal | Quarterly Economic Commentary |
Volume | 9 |
Issue number | 3 |
Publication status | Published - Feb 1984 |
Keywords
- Prestwick Airport
- freeports
- UK economic development
- Scottish economy
- exchange rate stability
- aviation industry in Scotland