Primark, M&S Urge UK Tax on $1.8 Billion China Parcels
Updated
Updated · Bloomberg · Jun 12
Primark, M&S Urge UK Tax on $1.8 Billion China Parcels
1 articles · Updated · Bloomberg · Jun 12
Summary
$1.8 billion of low-value parcels from China entered the UK between December and April, prompting Primark and Marks & Spencer to press ministers to speed up a promised crackdown.
Chinese customs data showed the UK took the world's sixth-largest inflow and more than France and Germany combined, underscoring retailers' claim that British sellers face heavier competitive pressure.
The UK total was down 11% from a year earlier, but that decline was far smaller than in France, where a tax on such parcels took effect in March.
The comparison strengthens retailers' case that a UK levy or tighter rules could curb the flow and protect domestic market share.