Economy Legislation

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

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.

The Radio Equipment (Amendment) (Northern Ireland) Regulations 2025

The Radio Equipment (Amendment) (Northern Ireland) Regulations 2025 amend the 2017 Regulations specific to Northern Ireland to implement Commission Delegated Regulation (EU) 2022/30, which introduces new essential requirements for internet-connected radio equipment concerning network integrity, fraud protection for financial transactions, and user data/privacy protection.

The instrument also updates the necessary conformity assessment procedures to reflect these new security standards, enacted under the powers granted by the European Union (Withdrawal) Act 2018 and approved by resolution of both Houses of Parliament.

The State Pension Debits and Credits (Revaluation) Order 2025

This Order officially updates the financial value of specific State Pension debits and credits by revaluing them based on changes in the general level of prices reviewed by the Secretary of State, applying specified percentage increases found in the accompanying schedule to tax years spanning from 2016-2017 up to 2025-2026, and sets staggered commencement dates for its provisions.

The State Pension Revaluation for Transitional Pensions Order 2025

Published: Thu 27th Nov 25

This Order, made by the Secretary of State for Work and Pensions, legally establishes a revaluing percentage of 39.0 per cent for increasing 'protected payments' within transitional state pensions, as required following a review concerning the increase in the general level of prices in Great Britain during the specified review period.

The order cites powers under the Social Security Administration Act 1992 and sets out specific commencement dates in December 2025 and April 2026, extending its provisions across England, Wales, and Scotland.

The Broadcasting (Independent Productions) Regulations 2025

These Regulations, made by the Secretary of State under the Communications Act 2003, establish key definitions and quotas governing independent audiovisual productions for UK broadcasters, coming into force on January 1st, 2026.

The rules define what constitutes an 'independent producer' and 'independent productions,' specify the minimum annual quotas—detailed in a Schedule—for public service broadcasters like the BBC and Channel 3 services, and clarify rules regarding commissioned content, production costs, and repeat counting.

Furthermore, the instrument revokes the preceding Broadcasting (Independent Productions) Order 1991 and related amendments, updating the regulatory landscape following changes introduced by the Media Act 2024.