5 Articles
5 Articles
Chancellor unveils plans to maintain level playing field for British business
British businesses will be supported to trade freely as the Chancellor chooses to act on practices that undercut fair trade, such as the dumping of cheap goods into the UK. Chancellor Rachel Reeves takes action to mitigate the impacts of practices such as potential future ‘dumping' of cheap goods into the UK to help boost growth and deliver the Plan for Change.
Today's news in brief-24/4/25
Chancellor Rachel Reeves is reviewing the Low Value Import scheme, which allows goods under £135 to enter the UK tariff-free, amid concerns over Chinese companies flooding the market with cheap products. Major retailers like Next, Currys, and Sainsbury’s have warned that such imports could undercut UK businesses. The potential reform follows similar moves by the US and EU to tighten trade rules. Reeves emphasised the need for fair trade, while C…
Chancellor Looks At Ending Zero Tax Regime For Low-Value Imports That Undercut British Retailers
Rachel Reeves is to review the tax regime for imports of low-value goods in an effort to prevent Chinese companies undercutting British retailers by dumping cheap items on online marketplaces. The Chancellor is considering changes to rules which allow goods (more…) The post Chancellor Looks At Ending Zero Tax Regime For Low-Value Imports That Undercut British Retailers appeared first on KamCity.
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