UK markets close in 23 minutes
  • FTSE 100

    7,191.62
    +19.14 (+0.27%)
     
  • FTSE 250

    22,624.60
    -7.12 (-0.03%)
     
  • AIM

    1,245.10
    +0.92 (+0.07%)
     
  • GBP/EUR

    1.1635
    +0.0027 (+0.23%)
     
  • GBP/USD

    1.4102
    +0.0020 (+0.14%)
     
  • BTC-GBP

    27,611.22
    -795.14 (-2.80%)
     
  • CMC Crypto 200

    965.43
    -27.04 (-2.72%)
     
  • S&P 500

    4,244.13
    -2.46 (-0.06%)
     
  • DOW

    34,262.43
    -36.90 (-0.11%)
     
  • CRUDE OIL

    72.25
    +0.13 (+0.18%)
     
  • GOLD FUTURES

    1,858.20
    +1.80 (+0.10%)
     
  • NIKKEI 225

    29,291.01
    -150.29 (-0.51%)
     
  • HANG SENG

    28,436.84
    -201.69 (-0.70%)
     
  • DAX

    15,720.93
    -8.59 (-0.05%)
     
  • CAC 40

    6,651.83
    +12.31 (+0.19%)
     

Britain waives import taxes on medical equipment

·1-min read
FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London

LONDON (Reuters) - Britain has waived import taxes on medical equipment, including ventilators, coronavirus 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 health workers," Sunak said in a statement.

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, engineering 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.

(Reporting by William James; editing by Stephen Addison)