Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Leasehold and Freehold Reform Act 2024 (Commencement No. 3) Regulations 2025
These regulations, effective March 3, 2025, implement several sections of the Leasehold and Freehold Reform Act 2024 related to leaseholders' right to manage.
Specifically, they define non-residential limits on claims, detail cost allocation, ensure compliance with the 2002 Commonhold and Leasehold Reform Act, prohibit initial High Court applications for tribunal matters, and restrict the recovery of certain costs.
The aim is to clarify, simplify, and streamline the right-to-manage process for leaseholders.
The Greater Lincolnshire Combined County Authority Regulations 2025
The Greater Lincolnshire Combined County Authority Regulations 2025 establish a new combined county authority for Lincolnshire, North Lincolnshire, and North East Lincolnshire. The regulations create a directly elected mayoral position and grant significant powers over economic development, transport, housing, and planning.
The authority receives functions previously held by the Homes and Communities Agency, along with powers to establish development corporations, implement transport schemes, and coordinate strategic planning across the region.
The Lancashire Combined County Authority Regulations 2025
The Lancashire Combined County Authority Regulations 2025 establish a new combined county authority covering Lancashire, Blackpool, and Blackburn with Darwen.
The regulations grant the authority significant powers over transport, housing, regeneration, and economic development.
The authority will be governed by appointed council members with specific voting requirements for key decisions.
It receives powers to coordinate transport planning, deliver housing and regeneration projects, and conduct strategic economic assessments across the region.
The regulations also establish funding mechanisms and transitional arrangements for the new authority's operations.
The Devon and Torbay Combined County Authority Regulations 2025
The Devon and Torbay Combined County Authority Regulations 2025 establish a new combined authority covering Devon and Torbay, granting it significant powers over transport, housing, regeneration, and economic development.
The authority gains concurrent powers with existing councils in areas including highway management, public transport, and strategic planning, while becoming the primary authority for local transport planning.
The regulations ensure democratic accountability through a carefully structured voting system and require consent from constituent councils for key decisions, particularly those involving financial commitments or compulsory land acquisition.
The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2025
The Order amends the UK Emissions Trading Scheme to revise how installation closures are handled and their impact on free allocation of emissions allowances.
It introduces new definitions for operational cessation, mandatory notification requirements, and regulator powers to determine permanent closures.
The amendments also create special provisions for installations undertaking decarbonization projects and modify reporting requirements for installations receiving free allowances.
These changes aim to improve scheme administration while supporting industrial transition to lower-carbon operations.
The Hull and East Yorkshire Combined Authority Order 2025
The Hull and East Yorkshire Combined Authority Order 2025 establishes a new combined authority covering the areas of Kingston upon Hull and East Riding of Yorkshire, with an elected mayor taking office from May 2025.
The order grants significant powers over transport, housing, regeneration, and economic development, while establishing clear governance structures and funding mechanisms.
The combined authority will have the ability to exercise functions previously held by constituent councils and other public bodies, aimed at improving economic, social, and environmental wellbeing across the region.
The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations 2025
These regulations, enacted under the Finance Act 2021, designate three areas in the East Midlands as 'special tax sites' to boost economic activity within the East Midlands Investment Zone.
This designation provides enhanced capital allowances for plant, machinery, structures, and buildings, along with stamp duty land tax relief, for qualifying companies and investments within these zones.
The designated sites are explicitly defined by maps, and the regulations took effect on February 26, 2025.