Hammond notes risks for firms outside customs union

Hammond notes risks for firms outside customs union

Chancellor Philip Hammond said on Wednesday he was sensitive to the potential problems for British companies if the country decides to leave the European Union's customs union as well as the EU itself.
"We're looking at all key sectors and you're right that we should take particular note of those sectors with complex pan-European supply chains where often components and self-assemblies move backwards and forwards across European borders several times before they get incorporated into a final product," Hammond said in a response to a question from lawmakers.
He declined to comment... read more

19 October 2016 in Business, Views: 43
Source: Reuters

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