Asked by: Ben Everitt (Conservative - Milton Keynes North)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what assessment she has made of the effect of the UK global tariff on food prices if the UK ends the transition period (a) with a tariff-free agreement and (b) without an agreement with the EU.
Answered by Greg Hands
The UK Government intends to achieve a Free Trade Agreement (FTA) with the EU and therefore does not expect the UK global tariff (UKGT) to apply to EU imports.
The UKGT was developed following an extensive public consultation in which over 1,300 responses were received, providing vital information.
As such, the UK Government has sought a balance between the interests of consumers and producers to benefit the UK economy as a whole.
We will publish more analysis in the Taxation Information and Impact Note (TIIN) alongside the legislation, as is standard practice.