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Businesses 'in dark' over plans to cut trade tariffs

Ministers were accused of leaving businesses in the dark last night as it emerged they could cut up to 90 per cent of import tariffs under a no-deal Brexit. Industry leaders expressed fears of a shock if Britain departed the European Union without an agreement this month and axed duties that shield domestic companies from foreign competition. Corporate concern over Brexit disruption was heightened after Sky News reported that the Department for International Trade planned to cut more than 80 per cent of tariffs on goods if Britain left the EU without a deal on March 29.

The Times - March 6, 2019

View the full story here: https://www.thetimes.co.uk/article/business-in-dark-over-plans-to-cut-trade-tariffs-rjmx7xwvl