Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 11 July 2018.
No, I am afraid the right hon. Lady is incorrect in her assumptions. For a start, the customs model that we are proposing would not, under the arrangements that we suggest, affect either imports or exports involving this country and the European Union. They would not involve exports from this country to the rest of the world. We are talking about imports to this country from non-EU member states. Our calculation is that when, in particular, we look at the importance of those sectors where either zero tariffs or very low tariffs already exist under World Trade Organisation arrangements, or where finished goods are involved and therefore it is easy to identify the final destination, we will find that 96% of UK goods trade is going to pay either the correct or no tariff at all at the border.