Economy Legislation

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

The Bournemouth-Swanage Motor Road and Ferry (Revision of Tolls) Order 2025

Published: Thu 11th Dec 25

The Secretary of State for Transport made this Order upon application from the Bournemouth-Swanage Motor Road & Ferry Company to revise the maximum tolls chargeable for the use of the ferry service, concluding that the revision is necessary to ensure the Company achieves adequate annual revenue to cover costs and provide a reasonable return on investment.

This Order, which comes into force on December 30, 2025, specifies the new maximum single-use tolls, details tiered discounts for bulk purchases over several years, allows for limited annual inflationary adjustments based on the Consumer Price Index, and revokes the previous 2021 Revision of Tolls Order.

The Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) (Amendment) Regulations 2025

Published: Wed 10th Dec 25

The Treasury enacted these Regulations using powers under the Financial Services and Markets Act 2023 to amend the Financial Services and Markets Act 2023 (Commencement No. 10 and Saving Provisions) Regulations 2025.

The primary goal is to modify how permissions granted by the Prudential Regulation Authority (PRA) under provisions of the Capital Requirements Regulation are treated after their scheduled revocation takes effect on January 1st, 2026, by ensuring certain permissions continue to have effect under relevant sections of the Financial Services and Markets Act 2000 (FSMA 2000) and preserving the PRA’s power to update related delegated technical standards.

The Customs (Tariff and Miscellaneous Amendments) (No. 4) Regulations 2025

Published: Wed 10th Dec 25

These Regulations, made by the Treasury and the Secretary of State under the Taxation (Cross-border Trade) Act 2018, introduce various amendments to UK customs regulations, primarily focused on updating the Developing Countries Trading Scheme (DCTS) origin rules and linked preferential arrangements, effective January 1, 2026.

Key changes involve differentiating origin rules for Enhanced Preference (EP) and Standard Preference (SP) countries, updating the criteria for 'economically vulnerable countries,' reclassifying Vanuatu from a Least Developed Country (LDC) to an 'other eligible developing country,' and updating the version numbers of several foundational customs reference documents.

The Product Security and Telecommunications Infrastructure (Security Requirements for Relevant Connectable Products) (Amendment) (No. 2) Regulations 2025

Published: Fri 5th Dec 25

These Regulations amend the Product Security and Telecommunications Infrastructure (Security Requirements for Relevant Connectable Products) Regulations 2023 by introducing provisions that allow manufacturers of relevant connectable products to be treated as complying with UK product security requirements and the obligation to provide a statement of compliance if they meet specific criteria linked to existing cybersecurity labelling schemes from Japan (JC-STAR STAR-1) and Singapore.

The Merchant Shipping (Polar Code) (Safety) Regulations 2025

Published: Tue 2nd Dec 25

These Regulations, titled the Merchant Shipping (Polar Code) (Safety) Regulations 2025, update UK domestic law to incorporate the latest amendments from the International Maritime Organization (IMO) Resolutions MSC.532(107) and MSC.538(107) concerning ships operating in polar waters, effectively replacing the 2021 Regulations.

The new rules come into force on 1st January 2026 and apply to United Kingdom ships and specific non-UK ships operating in Arctic and Antarctic waters, extending mandatory safety requirements, including detailed structural, navigational, and training provisions from the Polar Code, to additional categories of ships such as smaller cargo ships, fishing vessels, and pleasure vessels, while also amending several existing pieces of maritime legislation relating to surveys, certification, and training fees.

The Control of Mercury (Amendment) Regulations 2025

The Secretary of State made The Control of Mercury (Amendment) Regulations 2025, obtaining consent from the Welsh and Scottish Ministers, to amend Part A of Annex 2 of Regulation (EU) 2017/852 on mercury.

These Regulations, which extend to England, Wales, and Scotland, introduce specific amendments to phase-out dates for mercury content in various products, including certain lighting types, sensing devices, and electronic components, aligning UK law with recent decisions made by the Conference of the Parties to the Minamata Convention on Mercury.

The Competition Act 1998 (Public Transport Ticketing Schemes Block Exemption) (Amendment) Order 2025

Published: Tue 2nd Dec 25

This Order, enacted in exercise of powers under the Competition Act 1998, amends the Competition Act 1998 (Public Transport Ticketing Schemes Block Exemption) Order 2001 following a recommendation from the Competition and Markets Authority.

The key changes involve removing the fixed expiration date for the exemption, thereby making it permanent unless reviewed, adjusting definitions related to connecting services—specifically regarding trunk bus services—and removing the definition of a "working day" to align with the main Act.

The document confirms the amendments extend across England, Wales, Scotland, and Northern Ireland, and sets a new mandatory review date of 1st January 2031.

The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2025

Published: Mon 1st Dec 25

These Regulations, enacted by HM Treasury, amend Part 8C of the Corporation Tax Act 2010, which imposes a 45% corporation tax rate on restitution interest paid by HMRC. The amendments primarily serve to exclude simple interest awarded at a rate equivalent to or lower than a statutory rate from this special tax charge and modify the time limit for assessing this tax, allowing assessments to be made later if payments are accounted for before a final determination has been reached.