UK plans for new subsidy control regime
On 9 September the Business Secretary outlined plans for the UK’s new subsidy control regime, expected to take effect on 1 January 2021.
The announcement heralds the expectation and default position that the UK would follow World Trade Organisation (WTO) subsidy rules and other international commitments, replacing the EU state aid laws. He indicated that clear guidance on WTO rules will be published before the end of the year.
The announcement is not unexpected. It will come as a disappointment to any expectation that the UK regime for subsidy control would follow the EU model at the end of the transition period.
There will be public consultation on the design of the new regime in the coming months. The form that would take remains to be fleshed out. At the very least it should have an independent regulator and reflect competition law principles.
https://www.gov.uk/government/news/government-sets-out-plans-for-new-approach-to-subsidy-control
No comments:
Post a Comment