Brexit: implications for state aid rules

EU state aid rules play an important role in many member states. The UK has recently seen heated debates relating to the closure of steelworks and the construction of nuclear plants, where political and business decisions are in part shaped by state aid rules. What would happen in the case of Brexit?

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Brexit: implications for competition enforcement in the UK

Competition law may be one of the legal areas most strongly affected if the UK leaves the EU. This would be due to changes in the relationship between the UK and EU competition authorities, potential inconsistencies in the findings or approach of those authorities, and the potential migration of some types of work away from London and into one of the remaining EU member states

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Energy market investigation: what next for the GB retail energy market?

The UK Competition and Markets Authority (CMA) has conducted a two-year investigation of competition in the GB energy market, and concluded that low customer engagement and weak consumer responses to market signals have an adverse effect on competition. We review the CMA’s findings in light of analysis carried out during the investigation, and look ahead to the likely effect of some of the remedies proposed by the CMA

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No backstop? Recovery and resolution of central counterparties

Recent international regulations have strengthened the role of central counterparty clearing houses (CCPs) in the financial system. This has increased concerns that problems in their operations could cause significant disruptions in the capital markets, and that CCPs have become ‘too big to fail’. Similar concerns in the banking sector led to the development of recovery and resolution frameworks to prevent the use of public money in stress scenarios. But should the same apply to CCPs?

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Brexit: implications for the transport sector

What would be the impact on transport if the UK voted to leave the EU? Given the UK’s geographic position, sea and air transport provide important links to the rest of the EU and further afield. As Brexit would be likely to affect the cost of transporting passengers and goods between the UK and other countries, these industries and the economic activity that they support would also be materially affected. Meanwhile, the removal of EU rail legislation could enable significant changes in industry structure

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