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Lord Hannan of Kingsclere (Con)

Speaking in the House of Lords on 12 March 2025

Debate

Carbon Border Taxes

Contribution

My Lords, to return to my noble friend Lord Fuller’s question, how is this different from a tariff? One effect of a tariff is that it results in the outsourcing of manufacturing. People will take car-making or whatever to places that are not affected by this additional levy. Have the Government made any assessment of how much deindustrialisation there will be as a consequence of imposing what is, in effect, a tariff on ourselves?

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