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Brexit Causes UK Waste Companies to Pay More for Waste Treatment

Each year, the association sends about 3 million metric tons of refuse to European facilities for treatment, and now the pound’s decrease is causing contract rates to rise.

The Environmental Services Association has raised some concerns about Brexit because it’s making the association’s contracts for waste treatment more expensive. Each year, the association sends about 3 million metric tons of refuse to European facilities for treatment, and now the pound’s decrease is causing contract rates to rise.

The association is also concerned that the future UK policy won’t align with current EU targets for recycling and municipal waste.

Quartz has more information:

The association for British waste-management companies has some concerns about Brexit. Its members send some 3 million metric tons of refuse every year to European facilities for treatment, and with the pound’s slide since last year’s referendum, their euro-denominated contracts are getting more expensive.

That’s not the only concern that Jacob Hayler, executive director of the Environmental Services Association, laid out to a group of Harvard researchers looking into the effects of Brexit on small- and medium-sized UK firms. There’s also a concern about whether future UK policy will align with current EU targets for recycling and municipal waste.

Read the full story here.

TAGS: Contracts
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