Customs duties rose to record £2.2bn in first six months since trade deal came into effect on 1 January

The trade barriers that made the import of Marks & Spencer’s Percy Pig sweets one of the first casualties of Brexit has added an extra £600m in costs to British importers since January, it has emerged.

Customs duties paid by UK businesses shot up from £1.6bn in the first half last year to a record £2.2bn in the same period this year, according to an analysis of HMRC data.

Continue reading…

You May Also Like

Sainsbury’s reports strong Christmas sales as essential retailers gain

Boom in sales continue at essential retailers as Covid restrictions and lockdowns…

Police investigate burglary at Raheem Sterling’s Surrey home

Jewellery and watches stolen during break-in on Saturday at Leatherhead home of…

Camp Lighter—How New, Compact Gear Makes It Easier Than Ever to Get Outdoors

Before Kata Polano set out on her first combination backpacking and long-distance…