Medical problems
The regulation of medical devices int he UK post Brexit is a good example of why the so-called benefits are difficult to see. Currently the EU regulates such devices and is tightening up the rules. The UK has left that system and wants to regulate the sector itself.
What the benefits of this are, it is difficult to see. Companies will have to go through two almost identical tests to get their products approved when they used to have to go through just one. That’s if the UK can get its regulator and testing regime up and running in time. One of those expensive processes with give them access to the whole of the EU and to other countries that accept EU standards, the other will give the firms access to the UK.
Hardly surprisingly this will add to costs, some smaller companies may not bother and who apart from the UK will recognise UK standards? The EU certainly won’t.
This was the whole point of the Single Market, removing 28 pieces of red tape and replacing them with one very good one. All those benefits have been lost to British industry but not to its rivals.
https://jonty.substack.com