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What does the Autumn Statement mean for North East Importers?

Image via Gov.UK

Good news for International Traders,

Yesterday (17th November) the Chancellor, Jeremy Hunt, announced new import tariff changes in his Autumn Statement that could benefit many North East businesses.

Removal of import tariffs on some goods:

The Chancellor announced that:

“Following applications from business stakeholders, this measure will remove tariffs on over 100 goods for two years to help put downward pressure on costs for UK producers. The measure will remove tariffs as high as 18% on goods ranging from aluminium frames used by UK bicycle manufacturers to ingredients used by UK food producers.”

For more information on the Statement, use the below links:

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