techUK responds to No Deal tariff regime

Responding to the Government's announcement of the No Deal tariff regime, techUK Associate Director of Policy, Giles Derrington, said:

 

“The proposed tariff schedule in the event of a No Deal Brexit would address one of the major problems facing tech manufacturers and their customers. While many tech products already have zero tariffs through a WTO agreement, today’s announcement would reduce tariffs to zero on other products that sit outside that agreement. These include smart televisions, virtual reality technology and the fibre optic cabling that underpins broadband. This reduces the prospect of tech importers being forced to pass on the cost of tariffs to consumers.

 

“However, while this tariff schedule is a pragmatic move, it is only one piece of a much larger puzzle. There may still be increased costs due to tariffs being applied to certain manufacturing materials that may impact the tech supply chain. Even more importantly, in a services dominated industry, non-tariff barriers remain the much larger challenge. Today’s announcement is helpful, but does little to change the fact that a No Deal Brexit would be a disaster for the UK tech sector and for consumers. ”

 

 

Share this

FROM SOCIAL MEDIA

We are celebrating #WorldWaterDay come and join us in an interactive session here @techUK for an Innovation Worksho… https://t.co/RZQe9Hj41w
Want to know what @bankofengland is doing to embrace, enable and empower fintech? https://t.co/WOTvcEnXBL #techUK #Fintech
Free on 2 April & interested in human rights, modern slavery, conflict minerals & sustainability? We're hosting a c… https://t.co/T46qTExghu
.@techUKCEO responds to European Council's agreement on extending Article 50. Parliament now must urgently work to… https://t.co/3WQ08vVRtP
Great evening with @ComdJFC_UK outlining JFC approach to innovation at @techUK Defence Spring Dinner. https://t.co/VJBvWOfsCz
.@CENTI_London is offering one-on-one investor meetings with top VC`s and private meetings with local government. E… https://t.co/2nggDpM00x
Given that a cyber attack is no longer an 'if' but more likely a 'when', board members need help with guidance on w… https://t.co/jKWQZBRuwW
Join us on 27 March to explore a local focused approach to local public safety service delivery challenges… https://t.co/4ZgaPn1Iy7
Become a Member
×

Become a techUK Member

By becoming a techUK member we will help you grow through:

Click here to learn more...