UK Chemical Industry: Regulatory Divergence

Part of the debate – in Westminster Hall at 4:29 pm on 26th February 2020.

Alert me about debates like this

Photo of Alex Cunningham Alex Cunningham Labour, Stockton North 4:29 pm, 26th February 2020

Both my hon. Friends are right to raise the issue of cost. One company in my constituency is already up against it trying to making any profit at all because the regime is changing for carbon credits. The current proposals mean it will soon no longer receive the relief it currently does. That company is a supplier to other chemical companies within my constituency and elsewhere, so if it falls over and that product is no longer available, there will be a knock-on effect on many jobs across the area. Does my hon. Friend agree that this is another reason that we cannot have the divergence that the Prime Minister seems to favour?