Op-Ed: “The Brave New World of State Aid in Post-Brexit UK” by Phedon Nicolaides
The UK has launched a consultation to elicit views on the future regime for State aid control. It considers the EU’s system to be bureaucratic, inflexible and prescriptive. Not only is this description of the EU system based on a misconception, it also underestimates the challenge of designing a system with predictable and enforceable rules that can provide legal certainty and address the needs of businesses.
There will be a benefit from the withdrawal of the UK from the EU, regardless of which side of the Brexit divide one stands. Brexit is a policy experiment on a huge scale. As the UK removes or relaxes the rules it inherited from the EU, we should all watch and learn. If the UK prospers, the E