To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the U.K.’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a country that has long fought to curb both within the EU. Untwining the U.K. from decades of centralized European supervision of nuclear material for civilian use mirrors the broader Brexit process. Each involves abandoning treaty-bound organizations, re-establishing links on less integrated terms and, in the meantime, creating uncertainty for everybody from executives to researchers. “Brexit is a complete game changer for the nuclear industry in Britain, altering the regulatory environment, creating major complexity and leading the way to higher costs for businesses, the state and ultimately the British taxpayer,” said Simone Tagliapietra, a research fellow on energy at the Bruegel think tank in Brussels. “It’s a huge, self-inflicted problem.”
Bloomberg 15th Oct 2017 read more »
Of all the international regulatory challenges created by the UK’s impending departure from the EU, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: More bureaucracy and costs for a country that has long fought to curb both within the EU.
Irish Examiner 16th Oct 2017 read more »
