UK losing up to £6.5bn a year in EU trade due to mismatched product rules

The IPPR estimated British manufacturers of motor vehicles and parts have lost up to £3.42bn a year since the UK’s product testing rules diverged from the EU’s. The IPPR estimated British manufacturers of motor vehicles and parts have lost up to £3.42bn a year since the UK’s product testing rules diverged from the EU’s. Brexit UK losing up to £6.5bn a year in EU trade due to mismatched product rules IPPR finds failure to align testing standards has forced companies to abandon exporting to EU and is costing costing 0.18% of national income

Prefer the Guardian on Google The UK is losing out on annual exports to the EU that could be worth as much as £6.5bn without a deal with Brussels that allows manufacturers to jettison duplicate product testing.