UK chemicals sector hit by £2bn Brexit red tape bill

FT 26th July 2022

George Parker and Peter Foster

Outside FT Paywall

https://archive.ph/2022.07.25-201042/https://www.ft.com/content/f41e3350-c870-41a7-b350-80d3a483ef8d

The chemicals sector faces a £2bn hit of post-Brexit red tape, twice the cost of initial industry estimates, as Britain sets up its own regulatory regime, ministers have warned.

The Defra impact assessment implied a £91,000 bill for each substance registered under the UK scheme known as UK Reach.

During the Brexit trade negotiations, the UK failed to negotiate reciprocal access to the equivalent EU database. UK chemical companies now face huge bills to register in UK Reach.

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