Import Controls: Inflation
(asked on 9th January 2024) - View Source
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, if he will publish the data sources used by his Department to estimate the impact on inflation of non-tariff measures under the the border target operating model as 0.2% over three years.
The Government’s modelling of the inflationary impact of the Border Target Operating Model has been undertaken through a peer-reviewed econometric model. The data input into the model includes a mix of published and unpublished commercially sensitive data sources.
Our estimates on the impact on consumer food price inflation have been developed alongside academics, through a model trusted by organisations across government such as His Majesty’s Treasury. The model can be found here:
In developing the new Border Target Operating Model, our goal has been to design a modern border with a simplified but effective system of Sanitary and Phytosanitary controls. This is a border that optimises the balance between maintaining, or improving, biosecurity, public health and food safety and sets a proportionate approach to controls.