FT 26th July 2022
George Parker and Peter Foster
Outside FT Paywall
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.