UK to announce Brexit Freedom Bill

On Monday, British Prime Minister Boris Johnson is set to announce the creation of the ‘Brexit Freedoms Bill’ which aims to make it easier to remove or amend EU regulations that were incorporated in British law before its departure from the bloc.

To avoid confusion and uncertainty the British government has automatically allowed thousands of EU laws and regulations in Britain after Brexit.

Under current British law, repealing and reforming the EU laws would take several years, said the government. The new legislation would facilitate changes to ensure the regulations better suit Britain.

“Our new Brexit Freedoms Bill will end the special status of EU law in our legal framework and ensure that we can more easily amend or remove outdated EU law in future,” said Johnson in a statement.

The government plans to publish a policy document on how it plans to use the opportunity of its EU exit, to make changes to its regulatory framework.

To this end, it will establish a data rights regime, improve public procurement, setting up a domestic subsidy control regime to support the economy; it also aims to reduce reporting burdens for small and medium-sized companies.

According to several British companies, many companies, especially exporters, have found Brexit challenging.

Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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