Britain ditches commitment to remove all EU laws by the end of 2023

The government said on Wednesday it would amend legislation currently making its way through parliament to propose revoking by the end of 2023 only around 600 of the almost 4,000 EU laws remaining since Britain left the bloc in 2020.

"This provides certainty for business by making it clear which regulations will be removed from our statute book, instead of highlighting only the REUL that would be saved." But Jacob Rees-Mogg, a hardline Brexiteer and business minister at the time the bill was introduced, expressed disappointment at the decision.Opposition politicians have been warning the revocation of EU law would create massive amounts of work for departments with little benefit, empower ministers to replace laws as they see fit, and open the door to weaker regulatory protections.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VCs Invested $2.4B Into Crypto Startups in Q1 2023: Galaxy DigitalA recent Galaxy Digital report reveals that venture capitalists invested roughly $2.4 billion into crypto-focused startups and protocols in the first quarter of this year. The report notes that this is the lowest level in over two years. Kavita Gupta, Delta Blockchain Fund founder and GP, joins 'First Mover' to discuss the state of VC investments and how global crypto regulations are impacting the industry overall.
Source: CoinDesk - 🏆 291. / 63 Read more »