Quote:
Originally Posted by Hugh
From today’s FT
So glad we are cutting unnecessary red tape… |
This was always going to happen with highly regulated industries and highlights the issue with re-regulation
vs. deregulation. If the UK diverges from EU regulations, then the regulatory burden for a company can effectively double. For the chemical industry, REACH is a massive pain until you get in to the rhythm of applications but it' s hurdle that needs to be got over if you want to sell to the EU. The smart move would be to allow the UK regulators to accept EU REACH applications for UK REACH but I suspect the political position of 'EU bad, UK good' wouldn't allow this.
In the absence of local regulations, companies will lean towards the most stringent regulations in any of their markets which is why you see cookie acceptance buttons on websites based anywhere