BBC Business Live: The Costs Of Tariffs In A No-Deal Brexit
Mar 13, 2019
Commenting on today’s newly released tariffs the UK government plans to apply in the case of a no-deal Brexit, Duncan Brewer, retail partner, said: “Under a no-deal Brexit scenario, the additional cost to consumers will be £961 per household per year, due to a combination of tariffs, non-tariff barriers and labour cost increases.
“The impact on consumers with the Government's new tariffs is slightly lower, at £810 per household per year. While many imports are now zero-rated, the major cost that importers will continue to incur are non-tariff barriers, paperwork, delays at the border and other administrative costs.”