Anyone from the UK: What are you doing to mitigate with personal spending?
Now having to pay import duty/VAT on EU imports plus a ~£10 handling fee for delivery company handling.
It seems like the cost of living is increasing.
Now having to pay import duty/VAT on EU imports plus a ~£10 handling fee for delivery company handling.
It seems like the cost of living is increasing.
Now, as a country we do import a lot from the EU. The direct impact is on businesses, which might have a knock-on effect on inflation unless or until alternatives are found.
So we don’t pay for tariffs, but there still plenty of other trade barriers that exist. Such as paying to have your goods checked as the cross the border. Or paying VAT as it crosses the border because we’re no longer part of the EU VAT system.
The deal we got is basically one notch short of the hardest possible Brexit. It’s barely a deal, just a face saving piece of toilet paper for Boris to cover himself with.
I think a fair conclusion is that the government didn't have interest in getting a good deal or sorting out potential issues.
https://amp.ft.com/content/cc6b0d9a-d8cc-4ddb-8c57-726df018c...
Originally “Hard Brexit” meant leaving the Single Market and Customs Union, but May made doing anything less than that into “Brexit in name only” with her limited time in office. The final deal has the U.K. out of both, with some options for tariff-free trade if you filled out the right forms, but there aren’t enough customs experts to fill out all those forms even if it was a zero-cost exercise.
However this is just an interesting aside; regarding MasterCard fees, the explicit point of Brexit was to no longer be bound by EU rules, and so the UK (with huge caveats yet to be fully explored because the agreement has been TL;DRed by the U.K. government) is no longer required to follow rules like the one MasterCard IDs referring to here. (Probably. It’s a long document).