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

Brussels confirms Christmas carve-out from green levies will not happen, leading to Brexit-style requirements

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.