Britain waives import taxes on medical equipment

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© Reuters. FILE PHOTO: FILE PHOTO: Newly appointed Britain’s Chancellor of the Exchequer Rishi Sunak leaves Downing Street in London

LONDON (Reuters) – Britain has waived import taxes on medical equipment, including ventilators, testing kits and protective clothing, finance minister Rishi Sunak said on Tuesday, in an effort to improve the supply of goods to hospitals.

Britain is bracing for the peak of the coronavirus crisis which is expected to test the capacity of its publicly funded healthcare service to the limit in the coming weeks. Official figures showed 1,789 coronavirus patients have died so far.

“Waiving import taxes on vital medical equipment such as ventilators will speed up and increase the supply of critical items going to our frontline workers,” Sunak said in a statement.

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Britain is seeking tens of thousands of ventilators to cope with expected demand, and has ordered 10,000 units from a consortium of leading aerospace, and Formula One racing companies.

The import duty changes came into effect on Friday, but were only announced on Tuesday. The finance ministry said they would make Britain more attractive to companies who want to produce or donate equipment.

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Source: Investing.com

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