Reeves postpones ‘de minimis’ rule removal until 2029

Chancellor Rachel Reeves has postponed ditching the “de minimis” rule until 2029, the Treasury has confirmed. 
Reeves initially said a review of the widely criticised customs rule would take place while speaking at the annual IMF Spring meetings in Washington DC in April. The rule enables items worth £135 or less to be imported into the UK without paying customs duty.
While the Treasury has said it will axe the rule, the changes will not be implemented until at least