Government confirms that the majority of imports will go tariff-free in the event of a no-deal Brexit

The Government has confirmed that the majority of imports, 88 per cent, will go tariff-free if the UK leaves the European Union (EU) without a deal.
A notice was published by the Department for International Trade (DIT), which states that lower tariffs on heavy goods vehicles (HGVs) entering the UK market would allow supply chains in the UK to operate with minimum disruption.
The tariff is set to be reduced to 10 per cent from the current figure of 22 per cent, with the measure forming one part of three changes announced to the HGV, clothing and bioethanol sectors.
These include adjusting tariffs on bioethanol to retain support for UK producers, as well as applying tariffs on additional clothing products to ensure preferential access to the UK market.
With the latest announcement, it has now been confirmed that 88 per cent of total imports to the UK by value would be tariff-free under a ‘no-deal’ temporary trading scheme.
Conor Burns, Trade Policy Minister, said: “The UK will be leaving the EU on 31 October and we are working with businesses to ensure the UK is ready to trade from day one.
“Our temporary tariff regime will support the UK economy as a whole, helping British businesses to trade and opening up opportunities for business to import the best goods from around the world at the best prices for British consumers.
“The UK is a free-trading nation and British business is in a strong position to compete in an open, free-trading environment.”

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