Brexit Benefits

/Brexit Benefits
15 05, 2024

#8 Brexit allows the UK to provide aid through trade with the new Developed Countries Trading Scheme (DCTS)

Brexit Benefits|

In 2023 the UK Government introduced its new Developing Countries Trading Scheme (DCTS)to provide aid through trade with 65 developing nations – going further than EU schemes. This would not have been possible inside the EU as member states cannot have their own tariff rates.

15 05, 2024

#7 The UK has been able to reduce trade barriers with LATAM better from outside the EU

Brexit Benefits|

In the FY ending March 2023, in just the LATAM region, the UK was able to remove 34 trade barriers to UK exporters - with 24 of these having been forecast to be worth £1.3 billion to the UK economy. These changes would not be possible from inside the EU.

15 05, 2024

#6 Leaving the EU allowed the UK to eliminate trade barriers costing billions a year

Brexit Benefits|

In the year to March 2022, the UK trade department managed to resolve 192 tariff barriers across 79 countries. Just 45 of those 19 barriers were estimated to be worth an extra £1 Billion a year to UK businesses (around 0.03% of GDP in 2022).

23 06, 2016

#4 Brexit means that 100% of customs revenue goes to HMRC, not to the EU coffers

Brexit Benefits|

As an EU member state, 75% of *all* customs revenue (it was 80% when UK was a member)  goes to the budget of the EU. Now outside of the EU, the UK HMRC gets 100% of that revenue  to spend on public services, currently around £2-3bn extra a year.

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