The UK government is stepping up its efforts to champion British businesses with bold new trade measures launched through the Trade Remedies Authority, aimed at tackling unfair international practices head-on. Chancellor Rachel Reeves is also taking decisive action by initiating a review of customs rules for Low Value Imports, responding to strong calls from leading retailers who say current rules let overseas companies undercut homegrown firms.
At the IMF Spring Meetings in Washington D.C., Chancellor Reeves delivered a powerful message: open trade is vital for driving UK growth, but fairness must be at the heart of the global economic system. She made it clear that it’s time to ensure the benefits of globalisation are more equally shared both at home and around the world.
These fresh commitments build on a wave of recent government action to support industry and boost competitiveness. From safeguarding the UK’s steel sector and cutting tariffs on 89 everyday imports for the next two years, to paving the way for a cleaner future with streamlined regulations for electric vehicle production, the government is moving full speed ahead to back British enterprise and power a stronger, fairer economy.
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