Economics
One Brexit, Two Systems: U.K. Manufacturers Brace for More Costs
- Britain’s refusal to align with EU rules spells new red tape
- Businesses may need both U.K. and EU clearances for products
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Whenever Mike Ashmead builds a new motorcycle model, he pays about 120,000 pounds ($154,000) for a certificate proving it complies with European Union standards.
Once Britain leaves the bloc’s regulatory orbit in 2021, the founder of Herald Motor Co. fears he will have to pay the charge twice.