The UK government, now backed by Keir Starmer’s Labour Party, is partnering with corporations like Blackrock, granting them significant powers and paving the way for the privatisation of the UK, aiming to replace the government with “Sovereign Corporations” or “SovCorps,” writes European Powell.
Special Economic Zones (“SEZs”) are designated areas where business and trade laws differ from the rest of the country to encourage business activities and investment. These zones include freeports, greenports and investment zones, each tailored to support economic growth in specific sectors.
Enterprise Zones are a specific type of SEZ in England. There are currently 48 operational Enterprise Zones in England, and similar policies have been adopted in Scotland, Wales and Northern Ireland.
The rapid establishment of SEZs with minimal local input has led to concerns among residents about lack of transparency, reduction in public consultation, and expansion of private sector influence without clear benefits to the local population.
Critics of SEZs, including opposition parties, trade unions, think tanks and economists, argue that these zones may be used as tax havens and could lead to money laundering and erosion of workers’ rights.
Despite these criticisms, the UK government has continued to implement SEZs across the country, with plans for new zones and extensions to existing ones....<<<Read More>>>...
