Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what estimate the Government has made of the total annual savings to businesses and consumers from the elimination of and reductions in tariffs proposed in the UK Global Tariff.

The United Kingdom’s Global Tariff (UKGT) liberalises £62 billion worth of trade, benefitting businesses and consumers in Northern Ireland and across the country.

It is tailored for our economy and includes £30 billion from liberalising key goods of inputs into our supply chains and £15 billion from removing nuisance tariffs, compared to the current tariff set centrally by the EU in Brussels.

The UKGT will expand consumer choice, driving competitive prices for families, while lowering cost pressures for businesses too and making sure they are able to compete globally from a strong foundation at home.