The proposal for a post-Brexit customs arrangement, that the EU rejected, has cost taxpayers £680K in consultancy fees paid by HMRC to McKinsey & Company.
The contract awarded in January and lasting until March saw McKinsey taken on to provide an “assessment of import initiated supply chain and commercial feasibility” of the UK continuing to manage tariffs on imports destined for the EU despite having left the bloc’s customs union, while also enforcing its own independent tariff regime.
While McKinsey has not commented on the work, a spokesperson for the Treasury – which oversees Her Majesty’s Revenue and Customs (HMRC) – was quoted as saying that the government wanted to “harness expertise from both the private and public sector” to “ensure trade with the EU is as frictionless as possible.”
Jacob Rees-Mogg described it as “completely cretinous” and a “betrayal of common sense.”
Tax does have to be taxing.
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