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BREXIT MEANS A BETTER ECONOMY

Summary:

Leaving the EU has allowed the UK to roll out its own bespoke Subsidy Control Regime, which takes into account feedback from UK industries and is able to move more quickly to facilitate decision-making. This would not have been possible while a member of the EU.

Explanation:

Leaving the EU has allowed the UK to roll out its own bespoke Subsidy Control Regime, which takes into account feedback from UK industries and is able to move more quickly to facilitate decision-making. This includes a system of self-certification for smaller subsidies, with guidance as to how best to validate a subsidy as being permissible. These changes would not have been possible while a member of the EU.

Reference: https://www.gov.uk/government/collections/subsidy-control-regime

Reference: https://www.macfarlanes.com/what-we-think/in-depth/2023/uk-subsidy-control-an-introduction-and-some-reflections-one-year-on/

Reference: https://www.shlegal.com/news/time-to-reap-the-benefits

Reference: https://www.fieldfisher.com/en/insights/subsidy-control-reflections-on-the-first-year-of-the-new-uk-regime


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