L

Lord Livermore (Lab)

Speaking in the House of Lords on 28 April 2026

Debate

Middle East: Economic Update

Contribution

It was estimated at the time to be costing us some 4%, subsequently estimated to be 8%, of GDP, so he has put up massive tariff barriers with our biggest partner, which is not something that is in favour of free trade. He talks about it being tariff free, but he knows that the trade barriers in place are equivalent to some 20% in terms of tariff.

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