WASTE SECTOR REPORT Good news on the horizon?
When the UK voted to leave the EU in June 2016, the pound sterling weakened, and has never fully recovered since. A weak sterling has made it cheaper for foreign investors to upgrade their UK- based facilities. The change in China’s requirements and the uncertainty arising from Brexit combined with potential implications from EPR requirements all could play a role in the UK helping other countries deal with waste. This could mean Britain controlling more of the global supply chain of waste.
Saeefar said that historically the UK market is a safe haven, and other countries “recognise it as an important part of their international operations”.
He added: “The UK’s procurement programme, which led to the development of modern infrastructure in the waste sector, resulted in the guidance and documentation being utilised internationally as best practice. Furthermore, the long-term nature of
Remix Advert NEW CTC 23.11.18.pdf 1
UK contracts backed eff ectively by the UK government provides a good risk- return component in a waste operator’s portfolio.” In conclusion Saeefar stated any further M&As or investments made by foreign investors after the UK’s proposed leave from the European Union depends on the ‘deal’ made by the British Prime Minister and the Cabinet. Once companies know what a post-Brexit market looks like, balancing along with risk management can begin.
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rules to apply when importing or exporting to any EU country.
waste companies trading with other fi rms within the EU must review their legal procedures and systems post-Brexit. This is to prevent them from falling foul of expecting the same
Saeefar stressed that any UK
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www.skiphiremagazine.co.uk SHWM January, 2019 17
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