UK Chemical Industry: Regulatory Divergence

Part of the debate – in Westminster Hall at 4:52 pm on 26th February 2020.

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Photo of Alex Cunningham Alex Cunningham Labour, Stockton North 4:52 pm, 26th February 2020

INEOS has been in my constituency as well, but it is actually closing down a plant there; the plant has finished because it is past its use-by date. INEOS can invest billions of pounds in the middle east, but nothing in Britain at this time. For me, the main issue is what the hon. Gentleman has talked about: the integrated nature of the chemical industry. The industry is losing a key component; if there are changes in regulations over time, more and more of those parts will disappear. We will therefore be reliant on the imports that the hon. Gentleman mentioned.