Trade Remedy Measures: Uk Interests

Part of the debate – in the House of Commons at 5:12 pm on 25th February 2019.

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Photo of Liam Fox Liam Fox The Secretary of State for International Trade and President of the Board of Trade 5:12 pm, 25th February 2019

Wherever we can bring down prices to make the disposable incomes of people throughout the United Kingdom go further, we will do so. That is a sound Conservative principle. We will also cut tariffs where we can do so without any potential disruption or disbenefit to UK business and industry, because tariffs are taxes. We are able to take those measures today because we will no longer have to apply remedies—that is, taxes—to the UK in areas where there is no UK production, but there is currently EU production. It is an act of economic liberation.