Home » UK abandons the post-Brexit plan to eliminate EU laws by the end of the year
Karma Global Possesses a Panel of International Experts Be It
(1) Strategy Consultant
(2) Management Consultant
(3) Operations Consultant
(4) Financial Advisory Consultant And
(5) Human Resource Consultant!
Karma Management has now become Karma Global which was incorporated in the year 2004, having now completed almost 19 years of its existence.
As late as April 2021, Karma Global took a very bold step of venturing into foreign shores in terms of shoving up its business prospects in countries like US, UK, UAE, Canada, South East and South East Asia.
It has already made its mark in terms of providing excellent services in the areas of payroll, outsourcing, recruitment and talent acquisition, facility management services and regulatory compliances including immigration, negotiations and employment contracts in these foreign countries as well.
The major services provided by Karma Global include Regulatory Audit, Management Consulting, Strategy Consulting, Financial & Tech Advisory, Risk Advisory, and Legal.
Towards the end of April and the first fortnight of May 2023, Pratik Vaidya, MD & CVO of Karma Global was in the U.S. and Canada attending the Select USA Investment Summit 2023 which came to a close, marking the largest Investment Summit in Select USA history, with 4,900 attendees spanning 83 international markets that was well represented.
There was lot of interactive session at Bay Area Houston where the delegates were briefed about business divisions in Franchise, Business Brokerage, Consulting, Education, Technology and Business Immigration and assistance was also offered to the delegates in buying or selling businesses with more than 400 franchise opportunities.
This delegation in association with the Consulate General of India, US Commercial Service of Dallas, IACC of Greater Houston, the Greater Houston Partnership and Economic Development Offices is another step in IACC’s development of relations with the United States of America.
What is Brexit?
Brexit is an abbreviation of two English words: ‘Britain’ and ‘exit’ and refers to the withdrawal process of the United Kingdom (UK) from the European Union (EU).
Article 50 of the Treaty of the European Union regulates the withdrawal process of any Member State.
According to this rule, any Member State of the EU may decide to withdraw pursuant to its constitutional law. After notifying this decision, the EU will negotiate with this State as to the method of its withdrawal and its future relations with the EU.
This withdrawal process of the United Kingdom commenced following the referendum held on 23 June 2016 and the subsequent notification to the European Council on 29 March 2017.
Although the UK’s withdrawal from the European Union took place on 1 February 2020, the Withdrawal Agreement came into force thenceforth, which regulated the orderly withdrawal of the UK from the EU while maintaining the application of the acquis communaitaire in their relations until 31 December 2020.
As from 1 January 2021, relations between the UK and the EU are based on the “Trade and Cooperation Agreement” – an ambitious agreement, but one that amounts to a major change for citizens, companies and public authorities in both the EU and the UK.
The government has suffered defeats in the House of Lords over plans to scrap certain EU laws by the end of the year
The UK government on Wednesday scrapped an end-of-year deadline to ditch remaining European Union-era laws from the statute book — angering Brexiteer Conservatives.
Peers backed an amendment which would give Parliament greater scrutiny over which rules should be ditched.
The House of Lords also voted to give devolved governments, rather than Westminster ministers, the final say on whether EU rights should be kept.
Once the Lords has finished debating the Retained EU Law Bill, it will return to the House of Commons.
When the UK formally left the EU in 2020, EU laws that had previously applied in the UK were kept in place to maintain continuity and minimise disruption.
The Retained EU Law Bill, introduced to Parliament in September 2022, initially included a sunset clause, meaning the estimated 4,800 EU-era rules would automatically have expired after 31 December – unless ministers had specifically decided to replace or retain them.
However, there were concerns this did not give departments enough time to review all the laws set to be axed, and last week, in a big change of policy, the government announced it would be ditching the December deadline.
The move infuriated some Conservative backbenchers, but Business Secretary Kemi Badenoch said it provided “legal clarity”.
The government has now produced a schedule for replacing 600 EU laws. Ms Badenoch has said the list is not “the limit of the government’s ambition” and estimated that more than 2,000 EU rules will be repealed by the end of the year.
On Monday evening, the amendment to drop the sunset clause was passed by peers in the House of Lords, many of whom had previously criticised the deadline.
Liberal Democrat Peer Lord Fox specifically praised minister Lord Callanan: “All through the grinding committee stage he stuck poker-faced to the party line, but then, seemingly, he sprang into action… and, using his not inconsiderable powers of persuasion on the secretary of state, he ensured that the whole government position flipped 180 degrees.”
However, despite welcoming the change, many peers continue to have other concerns about the bill – specifically about which bodies should be in charge of deciding whether laws are scrapped or retained.
Independent peer Lord Hope of Craighead’s amendment proposed that laws destined to be scrapped should first be referred to a parliamentary committee.
The committee would have the power to trigger debates and votes in the Houses of Commons and Lords if it felt dropping certain rules would mean “significant change”.
His amendment was supported by former Tory minister and Brexit supporter Lord Hamilton of Epsom who said “Parliament has got to regain control of this process.”
Government minister Lord Callanan argued the amendment was unnecessary and said every piece of retained law set to be dropped had already been thoroughly reviewed.
However, the amendment was passed by 245 votes to 154.
The government was also defeated by 222 votes to 68 over a similar amendment from independent peer Lord Anderson which gives Parliament and the devolved administrations in Northern Ireland, Scotland and Wales the final decision on whether to keep retained EU rights.
Peers will continue to debate and amend the bill – after which it will go back to the House of Commons for MPs to either accept or reject the changes.
A lawmaker from the opposition Labour Party, Jenny Chapman, called the announcement “a humiliating U-turn from a weak and divided government.”
Thousands of pieces of EU law were cut-and-pasted into UK legislation when Britain left the bloc in 2020 after decades of membership, to ensure continuity for people and businesses.
The government’s Retained EU Law Bill would have automatically removed all of them at the end of the year unless they were explicitly replaced or retained. Champions of Brexit said the move would slash red tape and loosen regulation for businesses. Critics argued that reviewing a huge number of laws in a rush would lead to rules being rewritten without proper parliamentary scrutiny.
“Take back control” of British sovereignty was a campaigning slogan for Brexiteers, and right-wing Conservatives viewed the U-turn with dismay.
“Regrettably the prime minister (Rishi Sunak) has shredded his own promise rather than EU laws,” tweeted senior Tory MP Jacob Rees-Mogg, a leading ally of Sunak’s predecessor Boris Johnson.
Business Secretary Kemi Badenoch said the government had already “revoked or reformed” more than 1,000 EU laws since the UK’s EU departure took full effect in 2020.
Business groups breathed a sigh of relief at Wednesday’s announcement.
Jane Gratton of the British Chambers of Commerce said that U.K. business leaders had been “worried about the headlong rush towards the sudden removal of vast swathes of legislation overnight that could make it harder to compete internationally.”
“It is welcome that government has listened, and the bill will no longer apply a blanket sunset clause in this way, with the real risk of unintended but negative consequences,” she said.
Karma Global with Pratik Vaidya as its founder, has entered the global scenario both as a leader and a moderator with a record level participation from 4900 attendees from 83 international markets and 55 States and Territories.
In person Networking and informative programs on key industry topics gave insightful details affecting FDI community and also helped to connect with industry experts and economic development organizations so as to seize every opportunity available for expansion of business and getting to know many global companies with similar interest.
Karma Global took every opportunity to connect with the U.S. Department of Commerce, which promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors. Select USA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. Select USA also helps investors find the information they need to make decisions; connect to the right people at the local level; navigate the federal regulatory system; and find solutions to issues related to the federal government.
Karma Global has its offices in Newark, Delaware, USA and in Canada at Toronto, Ontario where it has been offering business expertise and business drivers with solutions, experience and knowledge.
This blog has been collated and compiled by the internal staff of Karma Global with the knowledge and expertise that they possess, besides adaptation, illustration, derivation, transformation, collection and auto generation for its monthly newsletter Issue 12 of June 2023 and in case of specific or general information or compliance updates for that matter, kindly reach out to the Marketing Team – Kush@karmamgmt.com / email@example.com