HMRC Impact Analysis: Customs

Part of the debate – in the House of Commons at 1:38 pm on 8th October 2019.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury 1:38 pm, 8th October 2019

My right hon. Friend, having of course taught economics in his previous life, is acutely aware of the dynamic effects of change when people are confronted with different circumstances. As he correctly points out, this is a static assessment; it does not reflect the dynamics once a change is made.