Now I am a hardline free marketeer, and would love to see a world without tariffs. My belief is that usually the cost of the tariffs outweigh the benefits. Our beloved EU has taken it a step further however, if this is to be believed.
According to the British Retail Consortium the EU decided to hike the tax even though it will provide no conceivable benefits to European bag manufacturers.The tax in question is a tariff on plastic bags. So if there is no benefit to any EU based manufacturer, is this just a revenue raising exercise?