New approach to import controls to help ease cost of living

Cabinet office – The remaining import controls on EU goods will no longer be introduced this year, the government has announced today. Instead, traders will continue to move their goods from the European Union to Great Britain as they do now. Russia’s illegal invasion of Ukraine, and the recent rise in global energy costs, have had a significant effect on supply chains that are still recovering from the pandemic. The government has therefore concluded that it would be wrong to impose new administrative requirements on businesses who may pass-on the associated costs to consumers already facing pressures on their finances. The change in approach is expected to save British importers at least £1 billion in annual costs.

Read the full article in the press release of the Cabinet office.