The BCF’s tri-annual Business Confidence Survey canvasses coatings companies on their opinions towards future sales, employment and investment. The survey’s lower confidence trend coincides with findings from the UK chemical industry supply chain Brexit survey, where 76 percent said they viewed Brexit as a risk rather than an opportunity.
Tom Bowtell, chief executive of the BCF said: “our members are calling for regulatory harmony - our recent survey found that over 70 percent of companies said a separate UK chemical regulatory system would be bad for business. Further findings revealed that without access to the single market, 20 percent will move their businesses from the UK. The BCF is therefore calling on government to provide clarity as we get closer to leaving the EU, and address in particular, the future of trading arrangements for our members’ products and alignment of chemical regulations.”