November 29 2022
- Only 4% of businesses comprehensively understand the Retained EU Law Bill and its potential impact on them. 71% know no details or are not aware of the Bill at all.
- When asked which regulations they would keep, amend, or remove completely, over half (58%) of businesses said they had no preference.
- Across all business areas, approximately half of firms said deregulation was either a low priority, or not a priority at all.
- BCC calling for deadline on the REUL Bill to be extended until the end of 2026, with full reports needed on the impacts for trade within the UK internal market.
A new survey from the British Chambers of Commerce of 938 businesses, mainly SMEs, has identified low awareness of the Retained EU Law (REUL) Bill among businesses, as well as low levels of priority for deregulation.
When asked how much they knew about the REUL Bill and its impact on them, only 4% of businesses said they comprehensively understood. A…
