Land of Cheaper Wine and Honey Under No Deal mdi-fullscreen

The government has today confirmed that all tariffs will be scrapped on wine and honey – along with 88% of goods imported to the UK – in the event of no deal. Get ready to pop the champagne…

This tariff arrangement would last for a year while a new permanent regime is being worked out and full Free Trade Agreements around the world are struck – and cut tariffs even further than Theresa May’s government planned, ensuring preferential access to the UK market for developing countries.

The Government is pitching this new regime as “a balanced approach”, as whilst the majority of goods will see their tariffs fall to zero, some tariffs will continue, including on bioethanol, fish, some meats, ceramics, cars, and clothing. In any case, No Deal will (temporarily) lead to a land of considerably cheaper milk and honey…

mdi-tag-outline Global Britain No Deal
mdi-timer October 8 2019 @ 14:05 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
Home Page Next Story

Comments are closed