Modified employment, insolvency, and procurement laws to facilitate the nationalisation and property transfer of British Steel Limited.

These Regulations modify several areas of UK law—including employment, freedom of information, insolvency, and procurement—to facilitate the transfer of property and liabilities from British Steel Limited (ACo) to a state-owned company, SPV 2026 Limited (BCo).

They ensure all British Steel employees are transferred to the new entity while removing the statutory duty to consult with employee representatives during this specific process.

The instrument further exempts the new company from transparency requirements under the Freedom of Information Act 2000 and public procurement rules under the Procurement Act 2023, while protecting government ministers and agencies from being legally classified as shadow directors.

These provisions apply to the Secretary of State, UK Government Investments Limited, and the personnel and management of the involved companies starting 16 July 2026.

Transferred the assets and specific liabilities of British Steel Limited to a government-owned successor company and renamed both entities.

These Regulations transfer nearly all property, rights, and liabilities of British Steel Limited (ACo) to SPV 2026 Limited (BCo), a company owned by the Secretary of State, effective 16 July 2026.

The instrument excludes specific financial obligations, such as intra-group debts and unsecured loans, which remain with the original company.

It mandates that BCo assume the legal identity of British Steel Limited for the purpose of existing contracts and legal proceedings, while ACo is renamed 2026 Transferor Company Limited and BCo is renamed British Steel Limited.

Activated legal provisions establishing a new Local Audit Office and reforming local government pension accounting and audit committee requirements from 15 July 2026.

This instrument brings into force several sections of the English Devolution and Community Empowerment Act 2026 on 15 July 2026, primarily affecting local authorities and pension scheme managers in England.

It establishes the Local Audit Office, mandates audit committees for Category 1 authorities, and introduces new requirements for cooperation between local government pension scheme managers.

The regulations also authorize the separation of pension scheme accounts and modify how smaller authorities are categorized for audit purposes when financial reviews are outstanding.

Substituted a dynamic road designation process for a fixed list of highways managed by the West Midlands Combined Authority.

This Order amends the West Midlands Combined Authority (Functions and Amendment) Order 2017 to modify how highways are designated for management by the West Midlands Combined Authority (WMCA).

It replaces the fixed list of 'Combined Authority roads' with a dynamic 'key route network' that the WMCA may designate or alter under powers granted by the Local Democracy, Economic Development and Construction Act 2009.

The Order applies to the WMCA and its constituent councils, transferring the ability to exercise functions related to permit schemes and apparatus affected by highway works from a defined schedule to any road designated within the key route network.

Authorized new maximum toll charges for the Dunham Bridge and revoked the 2023 tolling regulations.

This Order authorizes the Dunham Bridge Company to increase the maximum tolls charged for vehicles using the Dunham Bridge starting 1 August 2026.

It establishes a new price schedule based on vehicle type, carrying capacity, and wheel count, while maintaining a specific discount for users of a pre-paid card scheme until July 2028.

The Order applies to all motorists crossing the bridge and revokes the previous tolling order from 2023.

Renamed the High Court's Chancery Division and transferred the Admiralty and Commercial Courts into this newly titled Business and Property Division.

Establishes the Business and Property Division of the High Court by renaming the existing Chancery Division and transferring the Admiralty and Commercial Courts into it from the King's Bench Division.

The order replaces the title of 'Chancellor of the High Court' with 'President of the Business and Property Division' and updates references to 'Masters' and 'Chief Masters' accordingly.

These changes apply to the judiciary of England and Wales and affect a wide range of primary and secondary legislation that references High Court structures and judicial offices.

Adjusted the initial registration deadlines and accounting periods for the new UK carbon import tax system.

These regulations establish temporary administrative rules for the introduction of the UK Carbon Border Adjustment Mechanism (CBAM) between January 2027 and June 2028.

They direct HM Revenue and Customs (HMRC) to apply modified registration deadlines, accounting periods, and payment dates for importers who trigger CBAM liabilities during the initial rollout.

The measures apply to any person or business importing carbon-intensive goods that fall under the scope of the Finance Act 2026.

Established a formal tax settlement scheme for individuals and employers to resolve outstanding loan charge liabilities and associated inheritance tax issues.

These regulations establish the Loan Charge Settlement Scheme, providing a framework for individuals and corporate employers to settle liabilities arising from certain loans or quasi-loans treated as employment or trading income.

The instrument directs HM Revenue and Customs (HMRC) to identify eligible persons, calculate settlement offers using prescribed methodologies, and manage the collection of settlement amounts as Crown debts.

It applies to taxpayers liable for loan charge amounts under the Finance (No. 2) Act 2017, excluding those suspected of being tax arrangement promoters, and introduces specific inheritance tax exemptions for those who enter into a settlement agreement.