Trade body BCC recently cautioned that removing the UK’s tariff exemption for low-value imports could risk pushing up prices, harming SMEs and reducing trade intensity.
The word of caution comes as its research found 52 per cent of UK goods importers say if their import costs rose by 5-10 per cent on small shipments, they would need to pass this on to consumers.
Only a fifth said they could absorb them.
The word of caution comes as its research found 52 per cent of UK goods importers say if their import costs rose by 5-10 per cent on small shipments, they would need to pass this on to consumers.
Only a fifth said they could absorb them.
