Professor Michael Morris:

To follow on from Dr. Walker's comment, the US Act has hard figures behind it and was formulated about the costs of producing these technologies all the way down from the research and innovation to the manufacturing costs, and so it was well-informed. Its advantage to the American industry was well-called out. We have four and a half lines in this which state:

This proposal is not accompanied by a formal impact assessment. Considering the urgency to act for the reasons explained above, an impact assessment could not have been delivered in the timeframe available prior to the adoption of the proposal. The analysis and all supporting evidence will be set out in a ... working document published at the latest within three months of the proposal’s publication.

This is apparently unfounded by any quantitative information, which is very worrying to me.