UK Rejects 'Buy British' Campaign, Opts for Procurement Reforms Amid US Tariffs
The government prioritizes supporting domestic industries through targeted measures while maintaining open trade principles, despite public and political pressure.
- Chancellor Rachel Reeves and Downing Street have declined to endorse a 'Buy British' campaign, emphasizing the risks of protectionism and trade wars.
- Instead, the UK government is revising procurement rules to favor British companies in public contracts and strengthen existing support for domestic industries.
- A recent Savanta poll revealed that 59% of Britons support a 'Buy British' initiative, with half reporting they are less likely to purchase US goods following new tariffs.
- The Liberal Democrats criticized the government’s stance, calling it out of touch with public sentiment and an insult to businesses affected by US tariffs.
- Negotiations for tariff exemptions with the US are advancing, as the UK seeks to balance domestic economic support with its commitment to global trade.