Economy Legislation
Regulations governing economic policy, monetary matters, taxation, public spending, and market regulation.
The Whole of Government Accounts (Designation of Bodies) Order 2025
The 2025 Order designated numerous public and local government bodies to submit financial information to the Treasury for compiling Whole of Government Accounts for the 2024-2025 financial year.
The Whole of Government Accounts (Designation of Bodies) Order 2025 designates numerous public and local government bodies to provide financial information to the Treasury for the 2024-2025 financial year.
This data is used to compile the Whole of Government Accounts, aiming to improve transparency and accountability in public spending.
The Order came into force on March 18, 2025, and applies to England, Wales, Scotland, and Northern Ireland.
The Treasury consulted with Welsh Ministers where deemed appropriate.
The Non-Domestic Rating (Designated Areas) Regulations 2025
Designated areas in England and Wales were established for local retention of non-domestic rates, calculation rules were instituted for non-domestic rating income and baseline amounts, and the Non-Domestic Rating (Designated Areas etc) Regulations 2017 were amended.
The Non-Domestic Rating (Designated Areas) Regulations 2025 designate specific areas in England and Wales to retain a portion of their non-domestic rating income.
The regulations detail how to calculate this income and establish a baseline amount to determine the portion retained.
These calculations consider factors such as small and standard business rate multipliers and the aggregate rateable values of properties within designated areas.
The regulations also amend existing legislation to extend the designation of the Heart of the South West–Huntspill Energy Park designated area and specify the designation period (24-25 years) for all designated areas.
The 2025 regulations amended the 2014 Electricity Capacity Regulations, introducing new capacity agreement durations, clarifying eligibility criteria, and updating administrative procedures related to the Capacity Market.
The Electricity Capacity (Amendment) Regulations 2025 amend the 2014 Electricity Capacity Regulations to improve the UK's Capacity Market.
Key changes include introducing 9-year capacity agreements for certain low-carbon generating units, clarifying eligibility criteria, and simplifying some administrative procedures.
These amendments seek to enhance the market's efficiency, promote low-carbon investment, and improve regulatory clarity.
Several subsections clarify existing ambiguities and align the regulations with ongoing updates to the Capacity Market Rules.
The Veterinary Surgeons and Veterinary Practitioners (Registration) (Amendment) Regulations Order of Council 2025
The Order of Council approved amendments to veterinary registration fees, increasing them by approximately 4% and replacing Part 4 of the 2014 Regulations.
This Order of Council approves amendments to the Veterinary Surgeons and Veterinary Practitioners (Registration) Regulations 2014, increasing registration and retention fees by approximately 4%, effective April 1st, 2025.
The amendments, made by the Royal College of Veterinary Surgeons (RCVS) under the Veterinary Surgeons Act 1966, are detailed in the Schedule and replace Part 4 of the 2014 Regulations.
The previous regulations are revoked.
The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations 2025
The 2025 regulations amended the 2003 Income and Corporation Taxes (Electronic Communications) Regulations by removing an obsolete definition, expanding their scope to cover Finance Act 2021 penalties, and clarifying electronic information delivery conditions.
The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations 2025, effective March 11, 2025, amend the 2003 Regulations.
Key changes include removing an outdated definition, broadening the regulations to encompass penalties under the Finance Act 2021, and adding new provisions specifying conditions for valid electronic information delivery.
These amendments aim to improve efficiency, clarify procedures, and modernize tax communication processes.
The Universal Credit (Work-Related Requirements) In Work Pilot Scheme (Extension) Order 2025
The 2025 Order extended the Universal Credit In-Work Pilot Scheme for twelve months, continuing a program to assess the effect of work-related requirements on employed claimants.
The Universal Credit (Work-Related Requirements) In Work Pilot Scheme (Extension) Order 2025 extends an existing pilot program testing mandated work requirements for employed Universal Credit claimants.
The extension, effective February 19, 2025, covers England, Wales, and Scotland, and continues the scheme for another twelve months.
The order leverages existing legislation and claims to have a non-significant impact, foregoing a full impact assessment.
This decision allows for continued data collection and evaluation of policy effectiveness.
The Associated British Ports (Immingham Green Energy Terminal) Order 2025
* This document granted development consent for and authorized the construction, operation, and maintenance of a new liquid bulk import terminal at Immingham Port, along with associated developments and works; incorporated provisions from several existing acts; outlined land acquisition and possession procedures in tandem with compensation and protective provisions for concerned parties; included stipulations for environmental management and marine compliance; specified operational and decommissioning actions.
This Order grants development consent and authorises the construction, operation, and maintenance of a multi-user marine terminal at Immingham Port for importing and exporting bulk liquids.
It incorporates relevant provisions of the Harbours, Docks, and Piers Clauses Act 1847, addresses street works, land acquisition (including compulsory purchase powers), and temporary land possession, outlining compensation procedures and protective measures for various stakeholders.
The order also includes stipulations for environmental management, decommissioning, and compliance with maritime regulations, along with detailed operational and general provisions.
The Community Radio Order 2025
The Community Radio Order 2025 consolidated existing legislation, redefined community radio services, amended the Broadcasting Act 1990 and the Communications Act 2003, revoked prior orders, and established transitional provisions for existing licenses.
The Community Radio Order 2025, effective April 1, 2025, consolidates and amends existing legislation governing community radio in the UK. It defines community radio services, focusing on their non-commercial, community-beneficial nature and the obligations on licensees, such as promoting social gain and accountability to the served community.
The order modifies relevant sections of the Broadcasting Act 1990 and the Communications Act 2003, revokes previous related orders, and includes transitional provisions for existing licences.
The focus is on fostering participation from community members, and ensuring that services are provided primarily for social gain.