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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam