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Business, Energy and Industrial Strategy Committee
Report published on 13 December 2017. Government response published on 8 March 2018. This sub-inquiry is part of the overarching: Brexit and the implications for UK business inquiry.
This is the civil nuclear sector strand of the Committee's Brexit and the implications for UK business inquiry.
It is not possible to provide a meaningful financial estimate of the impact of leaving Euratom but all the evidence suggests that the impact on the UK civil nuclear sector will be considerable. The UK will lose influence and have to bear increased costs. There may be some opportunities for expanding trade outside the EU, but for the most part these are not affected by our membership of Euratom. There are no obvious advantages from regulatory divergence, nor is the industry or Government pursuing this objective.
The Government should seek to agree its future relationship with Euratom as early as possible during the negotiations in order to minimise unnecessary expenditure and provide greater certainty to the sector.
Read all transcripts, written evidence and other material related to the inquiry on Brexit and the implications for UK business: Civil nuclear sector