Boris Johnson Promises A Rewrite Of EU Legislation Will Promote Growth

Boris Johnson, the UK Prime Minister, has promised that a plan to change EU legislation that will be copied over after Brexit will encourage businesses to invest in the country.

A “Brexit Freedoms Bill,” according to the prime minister, will make it easier to amend thousands of EU-era laws that are still in effect.

He claimed that it would allow the UK to establish growth-friendly laws for “future cutting-edge technologies.”

The initiative, however, has been slammed by the regional administrations.

In other areas, such as immigration, payments to farmers, and crop gene-editing standards, the UK has moved away from EU laws since Brexit.

However, MPs on the right of his party have been pressuring the prime leader to go further in recent months.

Lord Frost, a former Brexit minister, resigned last year, urging the government to capitalize on the opportunities given by Brexit, writing to Prime Minister Theresa May, “You know my concerns about the current direction of travel.”

No 10 claimed its new bill would make it easier to make adjustments on the two-year anniversary of the UK’s leave from the EU, in a statement timed to coincide with the two-year anniversary of the UK’s exit from the EU.

Johnson said on Monday that it would allow the UK to better set rules in sectors where it is “strong,” naming cyber technology, artificial intelligence, and gene editing as examples.

“There are things that we can do differently in a way that will encourage business to invest even more,” he told reporters.

“We won’t diverge for the sake of it, but we’re going to make sure this is the number one place to invest and do business because of freedoms that we have,” he added.

The laws were copied over to ease the UK’s exit from the EU on 31 January 2020, and they were preserved during the transition period, which ended in January 2021.

The government has been considering which of these it intends to preserve, abandon, or change since September.

Retained EU regulations now have their own legal position, as well as a unique method for altering them, thanks to the 2018 Brexit departure legislation.

Downing Street stated that it wants to make it easier for MPs to modify these rules, claiming that doing so would take years.

It did not elaborate on the bill’s provisions or how it derived a claim that firms would save £1 billion by reducing red tape.

Legislation inherited after Brexit – known as “retained EU law” – may only be amended if Parliament approves new legislation.

However, the “Brexit Freedoms Bill” will change that by giving ministers more ability to change remaining EU law more swiftly, without the need for parliamentary approval.

The finicky clerks in the House of Commons are unlikely to allow the government to give the bill such a political name, so I’m guessing it’ll be renamed something far more mundane.

Whatever it’s named, it offers a wave of post-Brexit deregulation to Conservative backbenchers.

However, the same MPs will be concerned that ministers are gaining authority at their price.

It’s part of a visible-from-space policy blitz this week.

A new compensation program for airline passengers whose flights are delayed will be implemented. The report elaborating on the PM’s main policy of “leveling up” is also due.

But two things the government has no control over might make all of this look like a sideshow: Sue Gray’s report into Whitehall lockdown-busting parties, which could be released at any moment, and the diplomatic crisis between Ukraine and Russia.

The law has, however, raised worries among devolved administrations, which have gained new authority in key policy areas as a result of Brexit.

According to a source, Attorney General Suella Braverman’s Saturday meeting with devolved ministers was “last-minute, contentious, and cack-handed.”

(Adapted from DeccanHerald.com)



Categories: Economy & Finance, Geopolitics, Regulations & Legal, Strategy, Sustainability

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