Economy Legislation

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

The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025

Published: Mon 14th Jul 25

The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025 revokes the 2024 Order that increased the Meteorological Office's borrowing limit to £400,000,000.

However, this revocation includes a saving provision that maintains the £400,000,000 limit.

The 2024 Order was laid before both Houses of Parliament, despite only needing House of Commons approval; this Order corrects that procedural error while preventing any reduction in the borrowing ceiling.

The Asian Development Bank (Thirteenth Replenishment of the Asian Development Fund) Order 2025

The Asian Development Bank (Thirteenth Replenishment of the Asian Development Fund) Order 2025 authorizes a maximum £120 million UK contribution to the Asian Development Fund's thirteenth replenishment.

This payment is made in accordance with agreements between the UK government and the bank, as outlined in Resolution No. 427.

The order also allows for the redemption of non-interest-bearing notes issued by the Secretary of State related to this contribution.

The order received parliamentary approval and was made under the International Development Act 2002.

The Subsidy Control (Subsidies and Schemes of Interest or Particular Interest) (Amendment) Regulations 2025

Published: Mon 14th Jul 25

The Subsidy Control (Subsidies and Schemes of Interest or Particular Interest) (Amendment) Regulations 2025, effective August 4th, 2025, amend the 2022 Subsidy Control Regulations.

The key change increases the threshold for subsidies deemed 'of particular interest' from £10 million to £25 million in non-sensitive sectors.

This amendment impacts how public authorities must refer subsidies before disbursement, as schemes enabling these higher-value subsidies are considered 'schemes of particular interest' under the 2022 Act.

The Power to Award Degrees etc. (LTE Group Limited) Order 2025

Published: Mon 14th Jul 25

The Office for Students has authorized LTE Group Limited to grant taught awards up to bachelor's degree level in design, creative and performing arts, computing, and business and management.

This authorization, effective January 1, 2026, to December 31, 2029, is based on advice received by the Office for Students regarding the quality of LTE Group Limited's education and adheres to the Higher Education and Research Act 2017.

An impact assessment was deemed unnecessary due to the limited foreseen effects on the public and private sectors.

The Inter-American Investment Corporation (Further Payments to Capital Stock) Order 2025

The Inter-American Investment Corporation (Further Payments to Capital Stock) Order 2025 approves a payment of up to 106,000,000 USD to the Inter-American Investment Corporation.

This payment is to support the corporation's increased authorized capital stock, following the adoption of a new business model and capitalization plan (Resolution CII/AG-5/24).

The order also covers associated payments and ensures that the value of the initial payment is maintained.

The Secretary of State is authorized to make the payment and the Treasury approved the order.

The Housing (Right to Buy) (Designated Rural Areas and Designated Regions) (England) Order 2025

This Order, effective August 2nd, 2025, designates specific parishes in Colchester and East Hampshire as rural areas under the Housing Act 1985's right-to-buy scheme.

It also designates Colchester and East Hampshire as regions for the scheme's application in those parishes.

The order enables the imposition of covenants or rights of first refusal on sold properties to potentially preserve affordable housing.

An impact assessment was deemed unnecessary due to a lack of anticipated significant effects on public or private sectors.

The Climate Change Agreements (Administration and Eligible Facilities) (Amendment) Regulations 2025

Published: Wed 9th Jul 25

These regulations amend the 2012 Climate Change Agreements (Administration) and (Eligible Facilities) Regulations to extend the scheme's reach to 2030.

Key changes include updating the calculation of buy-out fees with a new formula, clarifying definitions related to emissions and facilities, and introducing new requirements for information provision and reporting.

The regulations also extend the eligibility period of the Climate Change Agreements (Eligible Facilities) Regulations to 2033, refine the calculation of reckonable energy from renewable energy sources, and clarify definitions around biomass and other fuels.

A transitional provision ensures the amendments apply only to target periods from 2026 onwards.

The Marketing of Fruit Plant and Propagating Material (England) (Amendment) Regulations 2025

The Marketing of Fruit Plant and Propagating Material (England) (Amendment) Regulations 2025 amend the 2017 regulations.

Key changes include adding a definition of "marketing," updating the interpretation of EU Directive 2014/98/EU with a new Schedule 6, removing a review duty, requiring labeling for genetically modified varieties, correcting terminology, and updating pest and disease requirements.

These updates aim to modernize the regulations and ensure consistency with current scientific knowledge and risk assessments.