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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Britain abandons 2023 EU law abolition.

FILE PHOTO-The European Union and Union Jack flags are flown outside the Houses of Parliament, in Lo... FILE PHOTO-The European Union and Union Jack flags are flown outside the Houses of Parliament, in London, Britain February 9, 2022. REUTERS/Tom Nicholson
FILE PHOTO-The European Union and Union Jack flags are flown outside the Houses of Parliament, in Lo... FILE PHOTO-The European Union and Union Jack flags are flown outside the Houses of Parliament, in London, Britain February 9, 2022. REUTERS/Tom Nicholson

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Britain abandons 2023 EU law abolition. Instead of repealing all EU legislation by 2023, the government will rewrite the retained EU law (REUL) bill to clarify the laws it will remove this year.

In January, Prime Minister Rishi Sunak’s spokesman said the government would not extend an end-of-year deadline to remove EU legislation kept after Britain left in 2020.

On Wednesday, economy and trade minister Kemi Badenoch said the government would rewrite the measure to remove 600 of the 4,000 protected EU laws.

“Today the Government is tabling an amendment… which will replace the current sunset in the Bill with a list of the retained EU laws that we intend to revoke under the Bill at the end of 2023,” Badenoch said in a ministerial statement.

“This provides certainty for business by making it clear which regulations will be removed from our statue book, instead of highlighting only the REUL that would be saved.”

Badenoch said 1,000 EU laws had been removed or amended since Britain left the EU in 2020, and a financial services bill will eliminate 500 more.


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