Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what recent assessment she has made of the effect on consumers of the proposals for a UK Global Tariff.
Liberalisation is typically beneficial for consumers. Consumers should benefit from the removal of tariffs on certain products that we do not produce, or do not produce much of in the UK. Removing these tariffs may lower cost pressures for UK households and businesses. The UK Global Tariff might expand consumer choice, driving competitive prices for households.
Tariffs are a tax, therefore the Government will publish a Tax Information and Impact Note (TIIN) alongside the legislation, as is standard practice. More analysis will be available in the TIIN when it is published.