Berliner Boersenzeitung - Meta calls for UK govt rethink over plans to scrap EU laws

EUR -
AED 4.18418
AFN 72.345505
ALL 94.14615
AMD 419.060304
ANG 2.039857
AOA 1044.764284
ARS 1665.100202
AUD 1.642689
AWG 2.050791
AZN 1.941648
BAM 1.954682
BBD 2.294887
BDT 139.979934
BGN 1.926468
BHD 0.429754
BIF 3403.453278
BMD 1.139328
BND 1.476056
BOB 7.890487
BRL 5.896304
BSD 1.139448
BTN 107.880294
BWP 15.494138
BYN 3.20017
BYR 22330.835112
BZD 2.291569
CAD 1.616491
CDF 2580.578112
CHF 0.922517
CLF 0.026329
CLP 1036.378473
CNY 7.718721
CNH 7.735219
COP 3924.530338
CRC 516.904339
CUC 1.139328
CUP 30.192201
CVE 110.201966
CZK 24.20606
DJF 202.903942
DKK 7.474911
DOP 66.691853
DZD 152.212235
EGP 56.643191
ERN 17.089925
ETB 183.698927
FJD 2.555342
FKP 0.860054
GBP 0.861976
GEL 3.013567
GGP 0.860054
GHS 12.789685
GIP 0.860054
GMD 83.170728
GNF 9984.289143
GTQ 8.692913
GYD 238.383648
HKD 8.932322
HNL 30.485162
HRK 7.537682
HTG 148.974789
HUF 354.579516
IDR 20418.073759
ILS 3.414794
IMP 0.860054
INR 107.95096
IQD 1492.64623
IRR 1566576.442968
ISK 143.87478
JEP 0.860054
JMD 179.35741
JOD 0.807752
JPY 184.064757
KES 147.485994
KGS 99.63461
KHR 4573.384096
KMF 491.050622
KPW 1025.395889
KRW 1750.412809
KWD 0.352075
KYD 0.949557
KZT 554.252976
LAK 25232.346027
LBP 102035.337387
LKR 381.221947
LRD 207.371387
LSL 18.789205
LTL 3.36414
LVL 0.689168
LYD 7.311818
MAD 10.6644
MDL 20.059526
MGA 4760.235439
MKD 61.67035
MMK 2391.891494
MNT 4077.656082
MOP 9.201637
MRU 45.257518
MUR 54.642279
MVR 17.613896
MWK 1975.769891
MXN 19.922466
MYR 4.717392
MZN 72.805701
NAD 18.789205
NGN 1559.063043
NIO 41.926019
NOK 11.144911
NPR 172.608271
NZD 2.006944
OMR 0.438074
PAB 1.139448
PEN 3.856994
PGK 4.997142
PHP 69.77645
PKR 316.902137
PLN 4.282564
PYG 6945.935586
QAR 4.153588
RON 5.248198
RSD 117.394087
RUB 84.936921
RWF 1670.944246
SAR 4.27737
SBD 9.188729
SCR 16.014934
SDG 684.167236
SEK 11.061015
SGD 1.476393
SHP 0.850624
SLE 28.198016
SLL 23891.149424
SOS 651.227508
SRD 42.645626
STD 23581.795972
STN 24.485994
SVC 9.970297
SYP 125.932349
SZL 18.783256
THB 37.82285
TJS 10.568155
TMT 3.999042
TND 3.372771
TOP 2.74323
TRY 52.955177
TTD 7.736575
TWD 36.070561
TZS 2991.0012
UAH 51.147544
UGX 4170.614474
USD 1.139328
UYU 45.703257
UZS 13689.989303
VES 702.812079
VND 29992.818078
VUV 135.304952
WST 3.140359
XAF 655.582017
XAG 0.018352
XAU 0.000276
XCD 3.079092
XCG 2.053525
XDR 0.813361
XOF 655.582017
XPF 119.331742
YER 271.900837
ZAR 18.785302
ZMK 10255.314604
ZMW 20.440308
ZWL 366.863255
  • GSK

    0.9800

    51.72

    +1.89%

  • BTI

    1.8700

    60.77

    +3.08%

  • BCE

    0.4350

    23.085

    +1.88%

  • AZN

    3.3550

    179.785

    +1.87%

  • RIO

    -3.1500

    96.21

    -3.27%

  • NGG

    0.6020

    81.572

    +0.74%

  • CMSC

    0.0700

    22.23

    +0.31%

  • JRI

    0.0000

    12.65

    0%

  • BCC

    0.4000

    72.94

    +0.55%

  • RELX

    0.3100

    31.14

    +1%

  • RBGPF

    -0.2700

    60.34

    -0.45%

  • CMSD

    -0.0800

    22

    -0.36%

  • BP

    -0.3300

    39.45

    -0.84%

  • VOD

    -0.0750

    14.045

    -0.53%

  • RYCEF

    0.2300

    18.63

    +1.23%

Meta calls for UK govt rethink over plans to scrap EU laws
Meta calls for UK govt rethink over plans to scrap EU laws / Photo: JOSH EDELSON - AFP

Meta calls for UK govt rethink over plans to scrap EU laws

Facebook owner Meta is urging UK lawmakers considering legislation to scrap all retained European Union laws by 2024 to maintain some e-commerce rules to keep Britain globally competitive.

Text size:

The UK government introduced legislation in September to amend, repeal or replace all EU laws automatically retained after Brexit by the end of next year.

"The Brexit Freedoms Bill will enable the UK government to remove years of burdensome EU regulation in favour of a more agile, home-grown regulatory approach that benefits people and businesses across the UK," it said at the time.

In a newly disclosed letter to a committee of MPs scrutinising the bill, the US tech giant said it wanted to draw "attention to one key area of retained EU legislation that we believe may be affected".

The California-based company, which has around 4,000 full-time staff in Britain, noted 2002 electronic commerce regulations based on an EU directive limit the liability of online platforms "that act as a mere conduit".

"This framework... is critical to maintaining an online environment that enables a thriving and diverse technology sector to flourish in the UK," Meta said.

It warned that without it, "platforms and websites are less likely to want to operate in the UK and may pull back from making the UK a hub for innovative new products and services in the way the government envisages".

Meta argued the provisions should be "either explicitly maintained elsewhere or recommend that the E-Commerce Regs are removed from scope of the Revocation Bill".

The draft legislation is currently working its way through parliament.

It has provoked a backlash in Britain, with many public and private interest groups and organisations accusing the government of moving too far, too fast.

Trade unions are among those opposed to the bill, with one leading organisation warning in another letter to the committee published Friday that it "poses a significant threat to workers' rights and should be opposed by MPs".

"It is striking that ministers have yet to explain which laws they intend to retain, to amend or allow to expire," the Trades Union Congress said.

"Indeed, there even remains uncertainty about whether government knows which laws are affected," it added, arguing "the ultimate goal is deregulation".

Meanwhile TheCityUK, one of London's leading financial lobby groups, said it has "a number of reservations about the appropriateness of this Bill in current circumstances".

The organisation cited "the overall need for it, opportunity costs, the risk of worsening the relationship with the EU, and the potential for increased burdens on business".

"At a minimum, a far longer sunset period for implementation should be allowed," it added.

(U.Gruber--BBZ)