BASF's Neil Hollis' grim summary of UK chemical industry after Brexit:

- registration costs will be £1 bill across the industry, "no tangible value"
- Some chemicals will "disappear" from UK
- Less investment in UK

"There's no positive spin on this one" he tells @hilarybennmp

The BPI's Richard Torbett says medicine would be delayed by up to 6 wks if there's no UK-EU mutual recognition agreement

It'd result in medicines already tested in the EU being tested again in the UK, he says, and it'd be "wasteful, duplicative and add time, cost and complexity"

BPI's Dr Torbett: "We're still not clear whether medicine coming from the EU into the UK and then onto Northern Ireland would have to get tested again and if somebody decides at some stage they need to be tested, specifically in Northern Ireland, those facilities don't exist."

Neil Hollis, who is giving some very insightful evidence to the Brexit committee on the UK chemical industry post-Brexit, is an absolute spit of Bez from the Happy Mondays

Can you name 3 things you're looking forward to doing from Jan, asks @hilarybennmp

Paul Everitt, aerospace group ADS: "No, we're in damage limitation mode"

Chemicals guru Neil Hollis: "My answer is very similar to Paul's"

ABPI's Torbett says they'll be "seeking opportunities"

In this thread I obviously meant to type ABPI, not BPI!