Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Branded Health Service Medicines (Costs) (Amendment) Regulations 2025
The 2025 regulations amended the 2018 Branded Health Service Medicines (Costs) Regulations by changing payment percentages for branded medicines and adjusting the auditing process for presentation reports.
The Branded Health Service Medicines (Costs) (Amendment) Regulations 2025 modify the 2018 regulations governing payments from manufacturers and suppliers of branded medicines.
Key changes include altering payment percentages for different periods and updating auditing requirements for presentation reports, allowing an alternative 'agreed upon' procedure instead of a full audit.
The amendments aim to improve efficiency, ensure fair payment, and streamline administrative processes.
The Register of Overseas Entities (Annotation) Regulations 2025
The registrar was granted new powers to annotate the register of overseas entities regarding dissolved entities and non-compliance with information requests.
The Register of Overseas Entities (Annotation) Regulations 2025 empower the registrar to add notes to the register concerning dissolved overseas entities or those that have failed to comply with information requirements.
These annotations enhance transparency and aid enforcement of the Economic Crime (Transparency and Enforcement) Act 2022 and the Companies Act 2006.
The regulations extend to England, Wales, Scotland, and Northern Ireland and came into effect on June 30, 2025.
The Local Audit (Modification of Financial Reporting Requirements) Regulations 2025
The regulations modified the financial reporting requirements for four specified combined county authorities in England and Wales for the financial years beginning April 1, 2024, and April 1, 2025.
These regulations, effective June 26, 2025, amend the Local Audit and Accountability Act 2014.
They modify the financial reporting requirements for four specific combined county authorities in England and Wales: Devon and Torbay, Greater Lincolnshire, Hull and East Yorkshire, and Lancashire. The changes disapply the requirement to prepare accounts for the financial year beginning April 1, 2024, and adjust the reporting period for the financial year beginning April 1, 2025, to start on February 5, 2025, aligning with the authorities' establishment date.
The changes are made under the authority of section 3(5)(b) of the 2014 Act.
The Electricity (Individual Exemption from the Requirement for a Supply Licence) (JG Pears Power Limited) (England) Order 2025
A temporary exemption from the electricity supply license requirement was granted to JG Pears Power Limited to supply electricity to High Marnham Green Energy Business Park in England.
This order temporarily exempts JG Pears Power Limited from needing an electricity supply license to provide power to the High Marnham Green Energy Business Park in England.
The exemption, granted under the Electricity Act 1989, runs until December 31, 2034, and is subject to conditions limiting the maximum electricity supply to 37 megawatts.
The order's justification involves facilitating the prompt delivery of renewable energy while acknowledging a lack of significant impact on the public or private sectors.
The Communications Act 2003 (Restrictions on the Advertising of Less Healthy Food) (Effective Date) (Amendment) Regulations 2025
The regulations amended the Communications Act 2003, delaying the effective date of restrictions on advertising less healthy food and drink to January 5, 2026.
These regulations amend the Communications Act 2003, delaying the implementation of restrictions on the advertising of less healthy food and drink.
The effective date is pushed back from October 1, 2025, to January 5, 2026.
The changes affect several sections of the Act, specifically those outlining the objectives for such advertisements and the prohibition of paid advertising for less healthy food and drink.
An explanatory note references a full impact assessment conducted previously, explaining the lack of a new assessment for this amendment.
The National Health Service (Charges, Remission of Charges and Pharmaceutical Services etc.) (Amendment and Transitional Provisions) Regulations 2025
Amendments were made to regulations governing NHS charges, remission of charges, pharmaceutical services, and pre-payment certificates, primarily related to tax credit changes, distance selling pharmacies, and improved refund processes.
The 2025 National Health Service regulations amend three existing sets of regulations: those concerning travel expenses and remission of charges, pharmaceutical and local pharmaceutical services, and charges for drugs and appliances.
Key changes include removing tax credit-based exemptions from charges, updating rules for distance-selling pharmacies, and introducing automated refunds for pre-payment certificates for those becoming eligible for exemptions.
The amendments aim to streamline processes, update services, and address policy shift related to the termination of tax credits.
The Subsidy Control (Subsidy Database Information Requirements) (Amendment) Regulations 2025
The 2025 regulations amended the 2022 Subsidy Control Regulations to reduce the information requirements for public authority entries in the subsidy database relating to subsidies given under subsidy schemes.
The Subsidy Control (Subsidy Database Information Requirements) (Amendment) Regulations 2025 amend the 2022 regulations, lessening the information needed for public authority subsidy database entries concerning subsidies provided under existing schemes.
This change aims to reduce the administrative burden on public authorities.
The amendment exempts certain data points while maintaining overall reporting of subsidies.
The 2025 regulations amended the 2019 Higher Education (Registration Fees) (England) Regulations, increasing registration fees for English higher education institutions by 3.9%, effective August 1st, 2025.
The Higher Education (Registration Fees) (England) (Amendment) Regulations 2025, effective July 1st, 2025, amend the 2019 regulations to increase registration fees for English higher education institutions by 3.9%, aligning with inflation.
The new fees, payable from August 1st, 2025, are based on the number of full-time equivalent students and are determined by a revised fee schedule.
The regulations are supported by the Higher Education and Research Act 2017 and Treasury consent, aiming to fund the Office for Students' oversight of higher education in England.