Member

The final amendment I want to support is my noble friend Lord Moylan’s one on steel products. It reminds us that tariffs are, of course, a tax: they are a tax that is paid by the consumer of the product, not the person selling it. Therefore, if steel used by GBR ends up having to have tariffs imposed on it, that would increase the costs taxpayers have to bear, which is not helpful, so that is a very helpful amendment.