Questioner: Neale Hanvey (Alba - Kirkcaldy and Cowdenbeath)
To ask the Secretary of State for International Trade, what assessment she has made of the potential effect of the Government's proposed tariff structure on economic recovery for UK manufacturers after the transition period.
Answered by Greg Hands
The UK Global Tariff (UKGT) is a tariff schedule tailored to the UK economy as a whole and balances the interests of UK consumers, producers and our wider trade objectives. In designing the UKGT, we have assessed all available evidence submitted as part of the public consultation in depth and considered a range of factors, such as the five principles set out in the Taxation (Cross-border Trade) Act 2018.
We will publish more analysis in the Tax Information and Impact Note (TIIN) alongside the legislation, as is standard practice.