UK failure to seal EU tax exemption hands industry mountain of paperwork

UK Steel said the documentation would have a ‘significant negative impact’. Photograph: Ben Birchall/PA Media

UK manufacturers are to be hit with mountains of Brexit-style paperwork in January on £7bn worth of exports to the EU after the government failed to secure an expected exemption from new green taxes.

The UK had hoped to secure a carve-out by Christmas on the carbon border adjustment mechanism (CBAM), but EU commissioners have confirmed this is not going to happen.