Freeport Prestwick: behind the decision

Jim Walker

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    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 languageEnglish
    Pages (from-to)70-71
    Number of pages2
    JournalQuarterly Economic Commentary
    Volume9
    Issue number3
    Publication statusPublished - Feb 1984

    Keywords

    • Prestwick Airport
    • freeports
    • UK economic development
    • Scottish economy
    • exchange rate stability
    • aviation industry in Scotland

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