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No-Deal Brexit: Schedule of Tariffs

Part of the debate – in the House of Commons at 4:33 pm on 7th October 2019.

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Photo of Liam Fox Liam Fox Conservative, North Somerset 4:33 pm, 7th October 2019

The day one tariffs were set to produce price stability, protect businesses that took time to make adjustments and ensure there were not additional costs for British importers, who then add value and re-export. Given that it is a good policy and that the assumption of a sterling depreciation of 7% to 13% in the event of a no deal has not changed, can the tariffs be published as soon as possible? Will my hon. Friend also make it very clear that, if we have to introduce the day one tariffs as they are at the present time, the responsibility will lie not with the Government but with those who refused to accept a deal of any sort in the House?