19th October 2017
There is increasing possibility of a ‘no-deal’ Brexit. World Trade Rules instead mean increasing tariffs on exporters and importers causing rising costs. Plan now and avoid financial stress later.
17th July 2017
Government discussions start on the matter of citizen residency, on whether EU nationals living in the UK can retain resident status in the UK and tax on their income within UK tax law. No announcements as yet but watch this space for future announcements.
12th July 2017
Officially titled the ‘Repeal Bill’, it was announced in the Queen’s Speech on 21 June 2017. It will repeal the European Communities Act 1972, ending the supremacy of EU law in the UK, and transfer EU law on to the UK statute book.
What will it do?
The bill will seek to do three things:
Repeal the European Communities Act 1972. This legislation provides legal authority for EU law to have effect as national law in the UK. This will no longer be the case after Brexit.
Bring all EU laws onto the UK books. This means that laws and regulations made over the past 40 years while the UK was a member of the EU will continue to apply after Brexit.
Create powers to make secondary legislation. Technical problems will arise as EU laws are put on the statute book. For instance, many EU laws mention EU institutions in which the UK will no longer participate after Brexit, or mention “EU law” itself, which will not be part of the UK legal system after Brexit. There will not be time for Parliament to scrutinise every change, so the bill will give ministers some powers to make these changes by secondary legislation, which is subject to less scrutiny by MPs.