New UK laws to sweep away EU state aid rules

Written by David Fletcher 02 Jul 2021
New UK laws to sweep away EU state aid rules

New legislation set to replace EU rules will grant the Government and councils greater freedom to support businesses. The Subsidy Control Bill will replace EU-wide state aid rules which require member states to seek approval for government assistance to firms. Ministers said the rules will allow the Government to help companies with grants or loans faster. It has been dubbed ‘the most important bit of post-Brexit legislation yet’.

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