Yesterday Westminster’s Delegated Legislation Committee touched upon an issue which is likely to undermine how subsidies are regulated in the coming years.
Schemes under Subsidy Control law are not time limited, so we have 7 current schemes lasting over 7,970 years and 49 of unlimited timescale.
Schemes under Subsidy Control law are not time limited, so we have 7 current schemes lasting over 7,970 years and 49 of unlimited timescale.
Comments
That’s because this principle requires the identification of the market & a meaningful understanding of the likely impact.
The obvious solution is to time limit schemes, maybe to 4 years.