Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-384-750"
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"en.20120510.69.4-384-750"2
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"I voted against this as I am keen to protect the UK chemicals industry from over-regulation. The Chemical Industries Association has stated that unless bold steps are taken, many companies may seek to move manufacturing plants from Europe. In the current economic climate, it is my belief that more needs to be done to promote growth and investment and create incentives for manufacturing plants to be based in Europe. This means cutting the red tape that stifles development and seeking cost-effective solutions. In one of the worst recessions for generations, the chemicals industry has still driven more than GBP 1 billion into capital expenditure and spent more than GBP 5 billion on research and development, accounting for a third of the overall UK investment. The industry employs over half a million people and puts GBP 70 million a day into the UK economy, a grand total of GBP 17 billion a year. It is therefore essential that the industry is protected and concerns are heeded."@en1
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