Overseas Trade

Treasury written question – answered on 4th March 2019.

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Photo of Laurence Robertson Laurence Robertson Conservative, Tewkesbury

To ask the Chancellor of the Exchequer, what recent estimate he has made of the amount of money that would accrue to the public purse annually as a result of tariffs on imports from non-EU countries after the UK leaves the EU.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The amount of customs revenue collected from non-EU countries will be dependent on the rates of import duty set. In the event of “no deal” the Government will make an announcement, once a decision is finalised, and publish new UK duty rates, which will apply equally to all countries.

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