EU and Competition
How the UK’s current state aid and competition law regimes, which are largely determined under an EU wide legislative framework, will change post-Brexit remains to be seen. The non-binding political declaration agreed between the UK and EU currently reflects a joint commitment between the EU and the UK to maintain common high standards in the areas of (amongst other things) state aid and competition, but such commitments are not legally binding.
Whilst even under a no deal scenario, the legislation laid before Parliament would immediately transpose large parts of the current body of EU law into UK domestic law (subject to limited amendments), there is scope for UK competition law to diverge from that of the European Union over the coming years.
If you or your business have any questions on the potential implications of Brexit in relation to EU state aid & competition law, please feel free to get in touch.