Rishi Sunak opens door for firms to choose EU CE standard
Shadow Monetary Policy Committee quoted in the Independent
Shanker Singham in the Telegraph
The Telegraph wrote:
“Shanker Singham, international trade and competition fellow at the Institute of Economic Affairs and a former Government adviser, welcomed the move, saying it would effectively introduce rigour into British standards.
“If new UKCA rules allow companies to produce goods at a lower cost or of higher quality than those with the CE standard, businesses will use the UKCA. But if the rules are poor, businesses will stick with the EU variant.
“Australia does this in beef. They have an internal European closed-loop beef production [system], and another production with beef hormones for those markets which allow beef hormones. So this is quite normal in trade.”
You can read the full article here.