Treasury written question – answered at on 5 March 2025.
Lord Frost
Minister of State (Cabinet Office)
To ask His Majesty's Government, further to the answer by Lord Livermore on 25 February (HL Deb col 1567), on what basis they calculated that the Brexit deal created new trade barriers on businesses equivalent to a 13 per cent increase in tariffs for manufacturing, and 20 per cent for services.
Lord Livermore
The Financial Secretary to the Treasury
The figures relating to new trade barriers due to the UK leaving the EU are quoted from the “Big Brexit” report, produced by the Resolution Foundation thinktank.
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