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Originally Posted by Taf
Enjoy the lower prices from Temu and AliExpress while you can. I fully expect Rachel "Robber" Reeves to slap some form of tax on their packages coming from China.
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I watched a long Sky News report yesterday covering the air transport that the likes of Temu and AliExpress are using to get their goods into the UK.
The reporter said that HM Treasury estimated over £5billion of goods are coming in on these flights. But due to "de minimis" import rules, they don't attract import tax if valued under £135 per package.
HM Treasury estimates that is losing then over £1billion of tax each year, and that number is growing rapidly.
And several High Street outlets have been moaning that people can buy goods at much lower prices from Temu, as the outlets have to pay import taxes. One dress that one outlet sells at around £20, cost only around £5 from Temu or AliExpress, post free.
One outlet mouthpiece said something along the lines of "We need public support, and their purchases from us, in order for us to stay open and trade".
Do we actually owe it to these High Street outlets to enable them to build large profit levels and stay in business?