Brexit: London announces tariff cuts, border plans

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Reuters reports that the British Government  said it would eliminate import tariffs on a wide range of goods and avoid a so-called hard border between Ireland and Northern Ireland in the event of a no-deal Brexit.

Whilst the stressing the plan regarding the Irish border was temporary and unilateral, British officials said the government  would not introduce any new checks or controls on goods moving from the Irish Republic to the British province of Northern Ireland in the event of a no-deal Brexit.

Goods crossing the border from Ireland into Northern Ireland would not be covered by the new import tariff regime.

The measures were announced  ahead of a vote by lawmakers later on Wednesday on whether Britain should leave the European Union without a deal on March 29.

Under the tariff plan for a no-deal Brexit, 87 percent of total imports to the United Kingdom by value would be eligible for tariff-free access, up from 80 percent now.

Prime Minister Theresa May suffered a second, heavy parliamentary defeat on her withdrawal deal she struck with the bloc on Tuesday.


Via Reuters



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