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UK businesses and consumers have paid 42 per cent more in customs duties on goods since Brexit came into force on 1 January of this year, according to new data.
The jump to £2.2billion in customs duties – paid in the year from 1 January to July 31 of this year – is a new record and is up from £1.6bn in the same period last year, according to research from accountancy firm UHY Hacker Young.
Read more at City A.M.