All remaining EU laws to be scrapped or replaced by December 2023

As part of the Chancellor’s bid, the remaining EU laws will be removed by the end of next year. This is to reduce unnecessary costs and unleash growth.

Kwasi Kwarteng stated that the bonfire of red tape would result in a “simpler system” that is easier to navigate for businesses. He also revealed a bonanza of tax cuts to help boost the economy.

He stated that government departments were ordered to examine all EU regulations remaining by December 2023. If they are not amended or replaced, they will be “automatically” removed.

Official data shows that the UK has retained 2,417 pieces of EU law since its departure from the bloc.

Only 182 laws were amended. 196 were appealed, and 33 were replaced.

The Department for Environment, Food and Rural Affairs has the largest number of laws, with around 570. These laws govern environmental issues like water quality, habitat protection, and agricultural rules, such as pesticide use.

Another 424 are being looked after by Department for Transport, 374 Treasury, 318 Department for Business, and 228 by HM Revenue & Customs.

However, The Royal Society for the Protection of Birds has been criticized for recommending that environmental protections be loosened. The Royal Society for the Protection of Birds stated that laws were crucial in preventing developments from destroying important habitats and protecting vulnerable species like stone curlews or Dartford warblers.

The Government published Friday’s Plan for Growth, insisting that any changes would encourage economic prosperity while protecting the environment.

Mr Kwarteng delivered his mini-Budget today. He stated: “To create a simpler system I will begin by eliminating unnecessary costs for businesses.

“First, we will automatically retire EU regulations by December 2023. This requires departments to examine, replace, or repeal any EU law that they have not yet repealed.

“This will lower the burdens on businesses, increase growth, and restore the primacy of UK legislation.”

This move is in response to Jacob Rees–Mogg’s efforts to get rid of EU laws that were retained by Liz Truss.

Many of the laws passed by the UK during its membership of the EU were simply copied into the UK statutes.

The Government argues that many laws are the result of “complex compromises between 28 different EU member countries” and therefore not suitable for Britain.

As Brexit opportunities minister, Rees-Mogg created the government “dashboard” that tracked how much of this legislation was repealed or changed. He called for a “British-style revolution” to eliminate it.

On Thursday, he also proposed a “Brexit freedoms bill” in Parliament. This will remove all EU laws that are not specifically replaced or retained by December 31, 2023.

The bill will be applicable to the whole of the UK. The bill will give the government secondary powers to amend or replace EU laws. They do not need to apply for approval from Parliament.

The Government claims that the regulatory bonfire could result in £1bn of business investment.

Mr Rees Mogg stated: “Now that the UK is independent, we have a great opportunity to get rid of outdated and burdensome EU legislation and to create our own regulations that are tailored to our country’s specific needs.”

“The Brexit Freedoms Act will eliminate the unnecessary bureaucracy that hinders businesses from investing in and innovating here in the UK. This will cement our position as a top-tier place to start or grow a company.”


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned
Share Talk
Tweet
WhatsApp
Email
Pocket
Share
Share
Malcare WordPress Security