Through reforms to be announced in the Chancellor’s Budget, Britain’s 363,000 international traders will gain a more streamlined customs process. Chancellor of the Exchequer Hunt is set to details plans to cut red tape and simplify paperwork involved in moving goods in and out of the country. The changes would give traders six additional days to submit forms after border crossings, reducing admin burdens for business. They would need fewer authorizations and financial guarantees.
Chancellor Hunt: ‘A simpler tax and customs system lets businesses focus on what they do best, creating wealth and generating economic growth, instead of getting tied up in red tape. Post-Brexit freedoms offer an outstanding opportunity for us to do this and I want to make sure we take full advantage of them.’
Also, Hunt is expected to announce a £33 million funding package to support veterans over the next three years.