The ability for the UK to set its own tariff schedules is a critical part of the country’s new independent trade policy.
Businesses want to support the government in making the best of this freedom and the CBI has consulted widely with members to form recommendations about how to do that.
The setting of tariffs has a strong link to the government’s wider agenda to promote greater regional equality by levelling up. If based on a clear strategy for the economy, established evidence and extensive stakeholder engagement, the UK Global Tariff will have an important part to play in delivering prosperity across industries and regions.
As an umbrella organisation representing a wide variety of sectors and industries, it is not the role of the CBI to take a view on specific tariff lines and many of our members will be submitting their own specific recommendations.
However, there are some clear principles that CBI members would like the government to consider in developing a new UK Global Tariff:
- Introduce greater transparency to the government’s plans and pr
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