Economy Legislation

Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.

Legal Definition Added to Defence Contract Regulations

Published: Thu 25th Jun 26

This document corrects a footnoting error in the Single Source Contract (Amendment) Regulations 2026.

It inserts a reference to Section 14(1) of the Defence Reform Act 2014 to provide the legal definition of 'single source regulations'.

The correction applies to all parties referencing the statutory authority of these procurement regulations.

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The Universal Credit, Housing Benefit and State Pension Credit (Carer’s Allowance Reassessment Capital Disregard) (Amendment) Regulations 2026

These Regulations modify several pieces of secondary legislation to ensure that lump sum payments made by the Secretary of State following a recalculation of Carer's Allowance are excluded from capital assessments.

The rules apply to individuals receiving State Pension Credit, Housing Benefit, or Universal Credit who receive such payments as a result of the Independent Review of Carer's Allowance Overpayments.

By directing that these sums be disregarded as capital, the instrument prevents these specific payments from affecting a claimant’s eligibility for or the amount of their means-tested benefits.

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The Enterprise Act 2002 (Part 9 Restrictions on Disclosure of Information) (Specification) Order 2026

This Order designates the Motor Fuel Price (Open Data) Regulations 2025 as specified subordinate legislation under Part 9 of the Enterprise Act 2002.

It subjects information obtained by public authorities via those regulations to statutory restrictions on disclosure concerning individuals and businesses.

Additionally, it authorizes public authorities to disclose such information to third parties to facilitate the exercise of certain statutory functions.

The Order applies to public authorities handling motor fuel pricing data across England, Wales, Scotland, and Northern Ireland.

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The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026

Published: Thu 25th Jun 26

These Regulations bring into force various revocations of assimilated law relating to financial services, specifically targeting sections of the Capital Requirements Regulation (Regulation (EU) No 575/2013).

They establish transitional and saving arrangements for central counterparties (CCPs), allowing certain entities to maintain their status as qualifying central counterparties (QCCPs) during specified periods.

The regulations apply to HM Treasury, credit institutions, investment firms, and CCPs operating within or seeking recognition in the United Kingdom.

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The Contracts for Difference (Allocation) (Amendment) Regulations 2026

Published: Wed 24th Jun 26

These Regulations amend the Contracts for Difference (Allocation) Regulations 2014 to modify the administrative and legal processes governing how renewable energy projects qualify for financial support.

The instrument authorizes the delivery body to correct errors in qualification notices, expands the legal definition of applicants with pending appeals, and adjusts how the delivery body manages bids during ongoing litigation.

These changes apply to the Secretary of State for Energy Security and Net Zero, the delivery body responsible for electricity contract allocations, and renewable energy developers applying for Contracts for Difference in England, Wales, and Scotland.

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The Public Sector Fraud and Error (Recovery) Regulations 2026

These Regulations establish the procedural framework for the Minister to recover public sector debts through direct deduction orders (DDOs) against bank accounts and deduction from earnings orders (DEOs).

They apply to banks, employers, and individuals identified as liable for public sector fraud or error in England and Wales.

The instrument specifies maximum deduction rates based on income bands, ranging from 3% to 40%, and mandates that certain funds like social security benefits and employer payroll costs are exempt from recovery actions.

Additionally, the regulations define time limits for bank compliance, administrative fee caps, and the priority of these orders relative to other court-ordered debts.

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The Energy Prices Act 2022 (Amendment) (Northern Ireland) Regulations 2026

Published: Tue 23rd Jun 26

These Regulations extend the timeframe during which certain ministerial powers under the Energy Prices Act 2022 can be exercised in Northern Ireland.

Specifically, it amends Schedule 5 of the Act to change the period of 26 months to 6 years, calculated from when the First Minister and deputy First Minister first held office. This extension applies to the Secretary of State's ability to act in relation to energy price support and regulation within the Northern Ireland jurisdiction.

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The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026

This instrument modifies the tax treatment of public service pension schemes to facilitate the rectification of unlawful discrimination as required by the Public Service Pensions and Judicial Offices Act 2022.

It amends previous regulations to allow members to submit 'scheme pays' notices digitally via HMRC, extends deadlines for reporting increased tax liabilities, and provides specific tax frameworks for Armed Forces, judicial, and local government pension schemes.

The regulations apply to scheme administrators, His Majesty’s Revenue and Customs (HMRC), and members of public service schemes—including judges and teachers—who are eligible for a discrimination remedy.

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