New competition law to replace EU rules

A new law will help UK firms do business while maintaining strong protections for consumers and will come into effect on 1 June 2022 the UK government has announced.

Currently, the UK has retained EU rules that exempt businesses from competition law in certain circumstances. The UK government has received expert advice from the UK’s Competition and Markets Authority, which recommended a new, bespoke competition law exemption for the UK, replacing the retained EU rules, which expire on 31 May 2022.

See: New law to make doing business simpler while protecting consumers - GOV.UK (https://www.gov.uk/government/news/new-law-to-make-doing-business-simpler-while-protecting-consumers)