Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimates his Department has made of the total annual cost of tax reliefs granted to the freeports announced in Budget 2021; and if he will place a copy of those estimates in the Library.

Due to the site-specific nature of reliefs, it is not appropriate to comment on estimates at this stage. The total annual cost of tax reliefs will depend on the exact location and size of the Freeport tax sites. We will consider these costs when agreeing tax sites, and they will therefore be scored at a future fiscal event. The estimated costs will undergo the usual scrutiny from the OBR.