NewsCase StudiesEvents

Bank of England keeps all things steady.

Also in the news...

Import firewood into England, Scotland or Wales

Find out how to import firewood, such as logs and kindling, into England, Scotland and Wales (Great Britain).

How to check if you can delay customs payments and declarations

If you’re a business that currently buys goods from or sells goods to countries outside the UK, or are planning to trade with Europe from January 2021, HMRC’s new tool can help you identify ways you might be able to make the customs process easier for cheaper for your business. This short video shows you how to use the tool.

How can a customs intermediary or agent help me?

If you’re a UK business thinking about moving goods into or out of the UK , this video is here to help you understand how customs intermediaries or agents can help you. For more information have a look at the guidance available on gov.uk.

What are commodity codes?

If you're buying or selling goods abroad, you need to work out the amount of duty or VAT you owe. This short video tells you how to find out the ‘commodity code’ classification for your goods, using our Trade Tariff tool. Find out more on GOV.UK

What are controlled goods?

You’ll need a licence to import or export certain types of controlled goods. You may also need to pay extra duty in the UK. Unsure if this applies to your goods? This short video explains more about the types of goods that are classed as controlled. Find out more on GOV.UK

Bank of England keeps all things steady.

Back to News

With the year wrapping up there were no surprises at the end of it from the Bank of England as they decided not to change the precedent of altering rates at the end of the year.

The vote was unanimous across the bank to keep rates at 0.75% whilst the forecasts had a slightly dovish tilt as they were revised down for growth and inflation. Unsurprisingly as well the bank warned that the greatest threat to growth at the moment comes from Brexit uncertainty. The other news beyond the carnage at Gatwick airport was that Parliament has confirmed that the debate on Brexit will begin on January 9th.

It’s been a tumultuous year for sterling, trading above the dizzying heights of 1.40 back in April before sinking to the current lows we see at the moment. We’ve had Chequers Agreements, cabinet reshuffles, resignations, the Beast from the East and even a World Cup Semi Finals. The last shows that anything can happen and there is raft of events next year that could do the same.

 



You are not logged in!

Please login or register to ask our experts a question.

Login now or register.