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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGov't Amending Retained EU Law Bill To Highlight Legislation To Be Removed
Business Secretary Kemi Badenoch has stated that the gov't is to amend the Retained EU Law (revocation and reform) bill 2022 (REUL bill) to show which laws it intends to revoke at the end of this year. Jason Groves at the Daily Mail: "Officials have now identified 4,800 EU laws on the statute book but are only planning to replace around 550 by the end of this year, despite previous pledges to ditch them all." Badenoch statement: https://questions-statements.parliament.uk/written...
- The bill has become something of a burden for the gov't, with Brexit opponents criticising what they see as the slapdash nature of the legislation that they say could have unintended consequences for UK supply chains, or allow ministers to reduce regulatory standards.
- Hard-line Brexiteers on the other hand have criticised any attempt to signal that the bill could be narrowed in scope or not implemented fully, instead demanding a full removal of all EU legislation from the UK statute book.
- The House of Lords is set to begin the report stage of the REUL bill on 15 May, at which point it is set to undergo significant scrutiny. In February, the Delegated Powers and Regulator Reform Committee offered the warning that it the bill passed in its current form “Ministers, not Parliament will be responsible for determining what stays, what goes, and what, if anything, is to replace what goes”.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.