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At Brexit Questions, Toby Perkins talks about a manufacturer in his constituency that has had to spend £50,000 getting its main product recertified because the UK certification will no longer be recognised under a no deal Brexit.
Presumably this is happening thousands of times!
Presumably this is happening thousands of times!
And that's as close as it gets to wasted money... The companies don't gain anything whatsoever from doing so. They're having to spend very significant amounts to try and preserve the status quo. Same will be happening for patents and trademarks, professional qualifications etc.
But this cost doesn't show up neatly in one place. Instead thousands of firms bear their Brexit bruises in sullen silence. Only a very few extreme cases make it to the media, where the company is too large or the sum too significant to suffer in silence.
