Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Childcare Payments (Eligibility) (Amendment and Transitional Provisions) Regulations 2025
The Childcare Payments (Eligibility) (Amendment and Transitional Provisions) Regulations 2025 amend the 2015 regulations to synchronize the application window for childcare top-up payments with the Free Childcare for Working Parents scheme.
These changes modify eligibility requirements regarding qualifying paid work, specifically adjusting the timeframe for declaring eligibility and defining the 'applicable period.' Transitional provisions are included to manage the shift between the old and new systems for applications between October 16, 2025, and January 31, 2026.
The Bank Recovery and Resolution (Amendment) Regulations 2025 amend the 2014 Order to allow the Bank of England to set transitional periods and minimum requirements for own funds and eligible liabilities (MREL) for financial institutions.
This provides flexibility for banks to meet MREL requirements over time while maintaining effective supervision, drawing upon the Bank of England's Statement of Policy, and considering the potential availability of recapitalisation payments.
The regulations also clarify the inclusion of transitional MREL in the definition of minimum own funds and eligible liabilities, and remove a power for the Bank relating to technical standards.
The Bank Resolution (Recapitalisation) Act 2025 (Commencement) Regulations 2025, enacted by the Treasury, bring sections 1 to 7 of the Bank Resolution (Recapitalisation) Act 2025 into effect on July 16th, 2025.
These sections cover recapitalisation payments, reporting requirements, notification to parliamentary committees, reimbursement procedures, a code of practice, and amendments to the Financial Services and Markets Act 2000 and the Banking Act 2009.
The regulations aim to provide a timely and effective framework for addressing the financial stability of banks.
The Postal Services (Universal Postal Service) (Amendment) Order 2025
This Order amends the 2012 Postal Services (Universal Postal Service) Order to update definitions, reflecting the UK's departure from the European Union.
It also modifies delivery and collection service requirements, specifying separate standards for priority and standard letters, while outlining revised routing time calculations.
These changes aim to improve service standards and are made after a user needs review and a public consultation process.
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, 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 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.