Freeport

The island was given freeport status in 2023 and there are tidal schemes in the pipeline off the Holyhead coast.

While No Labels has historically sought to keep its donor roles a secret, an investigation by Mother Jones published in 2023 found that many of the group’s wealthy benefactors are business moguls.Some of the donors include Michael Smith, the billionaire founder of Freeport LNG, who has donated millions of dollars to support Republican efforts to control the Senate, and Tom McInerney, a private-equity investor with connections to the Republican National Committee and GOP affiliated super-PACS.

Burch died after falling overboard on a Royal Caribbean cruise liner, the Explorer of the Seas, near Freeport, Bahamas.

He said there would be a £10m skills and training offer backed by the UK government and any businesses within the Grangemouth Freeport area that takes on the refinery workers would get national insurance relief.

Instead of announcing five new freeports as was widely reported, the chancellor will confirm the next funding stage for some existing freeport sites.