UK announces £660m Northern Powerhouse Investment Fund and pauses import tariffs on 120+ products for SMEs until June 2026.

UK ministers announce a £660m Northern Powerhouse Investment Fund and plan to pause import tariffs on over 120 products from all countries, effective April 11, lasting until June 2026. This measure, expected to benefit importers and small and medium-sized enterprises (SMEs), aims to make SMEs more globally competitive by reducing import costs. The full list of products is set to be published on Monday.

March 17, 2024
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