Chemicals industry warns of £1bn cost from Brexit re-registrations – Financial Times

Chemicals industry warns of £1bn cost from Brexit re-registrations – Financial Times

Chemicals industry warns of £1bn cost from Brexit re-registrations – Financial Times

Ready for Brexit is independent and objective. It aims to help businesses and organisations manage the challenges and opportunities that Brexit brings.
See member benefits  〉

“The UK chemical industry is warning of a £1bn cost to duplicate EU regime. Smaller companies may fail to survive the move to a British safety registrations agency”.

The Financial Times reports that “Registering a single chemical in the new UK Reach database could cost up to £300,000 if companies are required to buy “letters of access” to use the vast banks of test data held by ECHA — information that is expensive to produce and often owned by third parties. Even then, additional testing may be required.

Steve Elliott, chief executive of the Chemical Industries Association, said that unless a data-sharing deal was done with Brussels the new system would add more than £1bn in costs to companies, just to duplicate existing registrations. To make matters more complex, companies has still not seen the computer software that the Health and Safety Executive will use to collect the new UK registrations. “The real question is how do you get hold of the registration data, which is held in commercial agreements,” he said. “It’s unclear and we’re getting closer and closer to the time when Brexit is going to happen.

The Ready for Brexit Directory has detailed information on import and export documentation

RECENT NEWS

EDITOR’S NOTE  |  NEWS  |  ANALYSIS  |  INTERVIEW

Our post-Brexit (British) house

Our post-Brexit (British) house

Nicholas Wallwork, founder of propertyforum.com, millionaire developer and author of ‘Brexit for dummies’ and ‘Investing in International Real Estate for dummies’, considers the new face of the UK housing market, post-Brexit…

metals4U founder Paul McFadyen says business urgently needs clarity on Brexit

metals4U founder Paul McFadyen says business urgently needs clarity on Brexit

Paul McFadyen, founder of West Yorkshire-based online supplier of metals, plastics and engineering products metals4U, talks stockpiling, EU staffing and how he craves some certainty on how Brexit will playout

Part of KellyBronze turkey flock to go Dutch if a satisfactory Brexit deal is not reached

Part of KellyBronze turkey flock to go Dutch if a satisfactory Brexit deal is not reached

Paul Kelly, managing director of Essex-based international turkey breeder Kelly Bronze, spoke to us last year about his arrangements for Brexit. Here he updates us on his plans to open a second base in the Netherlands to get around possible tariff difficulties