Skip to main content

Third delay for UK's quality mark.


 After Brexit, the government said it wanted to create a rival to the EU’s «CE» quality mark, which assures the safety of electronic, industrial and consumer goods, with an original implementation date of January 2022. However, industry groups have repeatedly criticised the UKCA mark as burdensome, expensive and impractical. Stephen Phipson, the head of Make UK, a manufacturers’ lobby group, said the latest delay raised serious questions about the point of the UKCA mark, calling for the UK to agree on a long-term mutual recognition agreement on industrial standards with the EU. The extension comes less than a month after the government announced it was delaying the implementation of the post-Brexit Medical Device Regulations for another 12 months.

Both decisions come after MPs raised concerns about the staff shortage and expertise at post-Brexit regulators. Kevin Hollinrake, a junior minister at the business department, said the UKCA changes had been agreed to provide «flexibility» for industry and to «reduce immediate burdens and costs for businesses», given the poor economic outlook and continuing global supply chain problems. Business groups said the decision reflected the reality that companies in the UK and their suppliers abroad were not ready for the UKCA mark, which would have left gaps in UK supply chains if implemented as planned. Hollinrake added there would be separate announcements for rules governing medical devices, construction products, crewless aircraft, rail products and marine equipment, which other Whitehall departments cover.

Peter Caplehorn, chief executive of the Construction Products Association, said the industry was awaiting a specific announcement on building products. «The industry is still concerned over a lack of clarity. ».

www.sba.tax

Comments

  1. Brexit was a mistake in my opinion. And I don't understand why the UK is wasting so much money in trying to create things and procedures that distance it from the EU even more? Do we really have all that money to be throwing it away on things like the quality mark? Couldn't we be using that money more wisely?

    ReplyDelete

Post a Comment

Cloud Bookkeeping

HS2 cost cuts new routes and add delays.

 Trans­port depart­ment offi­cials have begun work on «Project Sil­ver­light» sug­gest­ing the high­speed rail scheme might face four addi­tional years of delay. The planned High Speed 2 rail line faces fur­ther delays of up to four years and more cuts to the project under plans being drawn up by min­is­ters to rein in its bal­loon­ing costs. The extra delays to the coun­try’s biggest infra­struc­ture project would mean that it would not be com­pleted until as late as 2045 — 12 years after ori­gin­ally planned. «This is a func­tion of infla­tion; we are hav­ing to find huge sav­ings because the cost of everything the depart­ment is already doing will have become so much more expens­ive by then,» said one gov­ern­ment offi­cial. In Octo­ber, the FT repor­ted that the Treas­ury had asked HS2’s man­age­ment team to identify poten­tial cuts or «scope reduc­tions» to the high-speed line. Trans­port depart­ment offi­cials have sub­sequently begun work on Project Sil­ver­light aimed at fi...

Small business will be excluded from fraud law.

  Min­is­ters are plan­ning to exclude small busi­nesses from anti-fraud legis­la­tion by nar­row­ing the scope of a crim­inal offence tar­get­ing com­pan­ies that fail to pre­vent eco­nomic crimes. MPs and anti-cor­rup­tion cam­paign­ers had hoped the gov­ern­ment would seek to amend the eco­nomic crime and cor­por­ate trans­par­ency bill to ensure the new offence covered all com­pan­ies. The plans to limit the scope of the amend­ments will also dis­ap­point those who had hoped the legis­la­tion would remove key hurdles to the pro­sec­u­tion of white-col­lar crime. A new «fail­ure to pre­vent» offence for fraud would bring it in line with exist­ing sim­ilar cor­por­ate offences for bribery and tax eva­sion. At present, pro­sec­utors need only prove that organ­isa­tions lacked «reas­on­able» or «adequate» con­trols to pur­sue the offence in bribery and tax eva­sion cases. «It would be much more sens­ible for the gov­ern­ment to provide strong guid­ance for SMEs on what these pro­ce...

Doubt on CS's collateral.

  Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies that deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former British prime minister David Cameron as a senior adviser. Invoices issued by metals magnate Sanjeev Gupta’s Liberty Commodities and sold to Greensill formed part of the collateral for the loan, according to documents seen by the Financial Times and people familiar with the transaction. Yet several of the parties named on the invoices have told the FT they did no business with Liberty. GFG has consistently denied any wrongdoing. Credit Suisse’s loan had a clause dictating that the collateral value had to be equal to or greater than the $140mn borrowed. The terms of the debt agreement only allowed invoices on Green-sill’s balance sheet to count towards this tally if t...