Brexit Not an Excuse to Amend Laws

U.K. lawmakers are warning Theresa May’s government not to use Brexit as an excuse to amend laws without proper scrutiny.

May has promised a “Great Repeal Bill,” which despite its name will have the effect of writing all European Union rules into British law. The aim is to ensure continuity for businesses and the bill is expected to include powers allowing the government to modify the rules.

But the House of Lords Constitution Committee, in a report published Tuesday, insisted that Parliament is fully consulted. Ministers should be required to sign a declaration that any modifications do the bare minimum necessary to translate the EU rule, it said.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.