Labour Gives up on Reducing 10% Tariff Rate

As Guido pointed out back on Tuesday, Labour has been making far from hopeful noises about reducing the 10% base tariff rate. Reeves said in the Commons that her negotiations had a “particular focus” on the additional rates only…

Now the government is briefing that ministers are “increasingly pessimistic about securing an outright exemption” from the tariffs but that “things change by the day.[…] Read the rest