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These initiatives were driven by Lord Rose of Monewden, and are more likely to reflect personal policy preferences.
MPs who are act as Ministers or Shadow Ministers are generally restricted from performing Commons initiatives other than Urgent Questions.
Lord Rose of Monewden has not been granted any Urgent Questions
Lord Rose of Monewden has not been granted any Adjournment Debates
Lord Rose of Monewden has not introduced any legislation before Parliament
Lord Rose of Monewden has not co-sponsored any Bills in the current parliamentary sitting
The Department for International Trade (DIT) has convened a panel of academic experts in trade to advise on how we develop and use cutting-edge economic models and analytical techniques in our trade modelling. The purpose of the review is to examine DIT’s current approach to trade modelling and to consider how best to incorporate wider global economic developments and the latest academic thinking on measuring trade impacts in its modelling framework. The panel will advise on analytical methods and tools to capture the impact of changes in trade policy in general, it will not assess specific policy questions. Once the panel has made recommendations to improve DIT’s modelling capability, DIT will explore how best to incorporate these in our analysis in support of trade policy questions.
On 21st December 2018, the United Kingdom opened a process under Article XXVIII of the General Agreement on Tariffs and Trade to negotiate tariff rate quotas, as we work to certify our World Trade Organisation goods schedule. The quotas cover a range of agricultural and non-agricultural goods as listed in our draft goods schedule. Changes to the quotas are possible as a result of those negotiations, but no agreements have yet been finalised. Independent of the negotiations, the United Kingdom may from time to time make technical amendments to her goods schedule.
Membership of the Trade and Agriculture Commission was announced by my Rt Hon. Friend the Secretary of State for International Trade on 10 July.
Beyond the membership of the Commission itself, there are ways for relevant representatives to engage with and contribute to the work of the Commission, most notably as part of three technical working groups that have now been established around the themes of competitiveness, consumers and standards.
Further details on the terms of reference and membership of the Commission can be found on gov.uk: (https://www.gov.uk/government/publications/trade-and-agriculture-commission-tac).
Ahead of the end of the transition period, the Government has announced the VAT and excise duty treatment of goods purchased by individuals for personal use and carried in their luggage arriving from or going overseas (passengers). The following rules will apply from 1 January 2021:
- Passengers travelling from Great Britain to any destination outside the United Kingdom (UK) will be able to purchase duty-free excise goods once they have passed security controls at ports, airports, and international rail stations.
- Personal allowances will apply to passengers entering Great Britain from a destination outside of the UK, with alcohol allowances significantly increased.
- The VAT Retail Export Scheme (RES) in Great Britain will not be extended to EU residents and will be withdrawn for all passengers.
- The concessionary treatment on tax-free sales for non-excise goods will be removed across the UK.
The Government published a consultation which ran from 11 March to 20 May. During this time the Government held a number of virtual meetings with stakeholders to hear their views and received 73 responses to the consultation. The Government is also continuing to meet and discuss with stakeholders following the announcement of these policies.
The detailed rationale for these changes are included in the written ministerial statement and summary of responses to the recent consultation. A technical note has also been issued to stakeholders to expand on this document and to respond to issues raised by stakeholders.
HMRC estimate that VAT RES refunds cost around £0.5 billion in VAT in 2019 for around 1.2 million non-EU visitors. In 2019 the ONS estimate there were substantially more EU visitors (24.8 million) than non-EU passengers (16.0 million) to the UK. This implies an extension to EU residents would significantly increase the cost by up to an estimated £0.9 billion. This would result in a large amount of deadweight loss by subsidising spending from EU visitors which already happens without a refund mechanism in place, potentially taking the total cost up to around £1.4 billion per annum.
The final costings will be subject to scrutiny by the independent Office for Budget Responsibility and will be set out at the next forecast.
The £1 billion Future High Streets Fund forms a central pillar of our £3.6 billion Towns Fund Programme. A competitive round of the High Streets Fund is underway currently. The parameters of this competition have been agreed and set out in the published Future High Streets Fund Prospectus, and subsequent local authority guidance. A further competitive round of funding for towns and high streets is planned to follow. Details of that further competition will be published in due course.