Why Brexit is
a golden opportunity
a golden opportunity
Brexit is a golden opportunity for UK businesses like Tate & Lyle Sugars.
Tate & Lyle Sugars have been refining cane sugar in the UK since 1878 – and are responsible for some of Britain’s most loved brands, like Lyle’s Golden Syrup, produced in the same unchanged tin for over 130 years.
But being in the EU has hit Tate & Lyle Sugars – and cost UK jobs. Protectionist EU sugar and trade policies have discriminated against cane sugar refiners – limiting the countries Tate & Lyle Sugars can buy from and often charging them eye-watering import tariffs.
These policies were designed by the EU to boost beet sugar producers in 19 EU countries – at the expense of companies like Tate & Lyle Sugars, who use cane sugar instead.
In 2015 alone these EU policies artificially inflated Tate & Lyle Sugar’s raw cane sugar bill by £34 million – resulting in a £21 million loss to the company.
And the Tate & Lyle Sugars London refinery has had to downsize by 50% since 2009 – meaning UK jobs and livelihoods lost.
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Brexit: a golden opportunity
Brexit is a golden opportunity for the UK Government to provide cane sugar refiners and beet producers a level playing field on which to compete. Successive UK Governments have called for this in Brussels but have never been able to deliver it.
For Tate & Lyle Sugars it means we can go from downsizing and job losses to growth, giving us more confidence to invest in even more innovative new products, building skills in our workforce and growing our exports.
And a fairer UK sugar market will mean more competition and consumers benefitting from more choice and better products.
“Brexit means we can move from downsizing and job losses to growth and more investment – it’s a golden opportunity for us.”
Gerald Mason, Tate & Lyle Sugars
Tate & Lyle Sugars’ three-step plan for Brexit
UK can regain control over its trade policy by leaving the EU Customs Union.
UK can bin the bad EU sugar policies it has always fought to reform.
UK can start with a blank sheet of paper and design a policy that is right for the UK, not for EU beet sugar producers.