
Brexit ‘sabotage' warning as new proposals clear Commons
New product safety proposals have moved closer to becoming law, sparking claims they could enable ministers to "sabotage" Brexit.
MPs voted 264 to 99, a majority of 165, to approve the Product Regulation and Metrology Bill at its third reading. The bill provides the government with new powers to regulate the marketing and use of goods in the UK post-Brexit.
However, TUV leader Jim Allister voiced concerns about specific references to " EU law" within the bill. He questioned whether this could allow ministers to act against the 2016 referendum result.
Critics fear the legislation would force UK regulations to automatically align with changes in European Union law, granting ministers "inappropriately wide" powers to rewrite regulations.
Mr Allister, the MP for North Antrim, told the Commons: 'There are aspects of this Bill which I think are democratically dangerous.
'Because this Bill gifts to government unbridled capacity to make regulations, with virtually no oversight from this elected House, on matters which touch not just upon the sanctity of our product production, but the sovereignty of this nation.
'This Bill, with little attempt at subtlety, is a vehicle which enables a Government, if so minded – and this one, I fear, might be – to sabotage Brexit in many ways.
'I stand to be corrected, but I don't think a single member of this Government voted for Brexit, and yet that is the settled and declared will of the people, greatest number of people who ever participated in a democratic vote in this nation.
'Yet in the Bill, we have the capacity, particularly through clause 2(7), to dynamically align all our regulations with those of the EU, and to do that without recourse to this House, at the whim of the executive. Whatever the subject matter, that surely is a most unhealthy situation.'
Shadow business minister Dame Harriett Baldwin also said: 'As an independent nation, the UK we believe should set its own product regulations to foster innovation, support domestic industry, and not automatically align with EU rules which we no longer have any influence or help to shape.'
Responding, business minister Justin Madders told the Commons: 'The powers in this Bill give the UK the flexibility to manage its own product regulatory framework.
'Part of this is of course making sure that the UK can respond to relevant developments in EU law, and this does not mean that the UK is beholden to EU changes, and all regulations will be subject to Parliament oversight.'
He added that 'the reason why the Bill explicitly references the EU rather than other jurisdictions is because most of our product regulation is of course inherited from EU law'.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Telegraph
12 minutes ago
- Telegraph
Miliband: I'll force solar panels onto ‘vast majority' of new homes
Developers will be forced to install solar panels on the 'vast majority' of new homes, Ed Miliband has said. The Energy Secretary said plans for a massive increase in rooftop solar power were 'just common sense' and should become 'almost universal' across the country. Four in five new-builds will reportedly be required to have solar panels covering 40 per cent of their ground area under new proposals, while 19 per cent would be allowed to have slightly fewer because of exemptions such as those relating to roof pitch. Mr Miliband claimed the move could save a typical homeowner £500 a year with their energy bills – despite industry fears it will add thousands of pounds to developers' costs. It comes days after he defeated a separate attempt by the Chancellor Rachel Reeves to slash funding for the warm homes scheme, a £13.2 billion project to upgrade housing insulation and install other energy saving measures. Warning that the current proportion of new build homes with solar panels, at 40 per cent, was not high enough, he said: 'It's got to be much, much higher than that. 'It's got to be almost universal. There will be rare exceptions where solar panels won't be on, if they simply will make no difference. 'But for the vast, vast majority of homes, homes will be built, the solar panels will be there – saving something like £500 for the typical homeowner. 'It's just common sense.' Mr Miliband's comments, in a BBC interview, come a month after Downing Street confirmed the panels should be installed on as many new properties as possible, amid speculation that ministers will make them a mandatory requirement for developers by 2027. Changes to regulations will be laid out in the Future Homes Standard, due to be published this autumn. The previous Conservative government considered a proposal that would have mandated rooftop solar panels to cover 40 per cent of a building's ground area or equivalent. Mr Miliband said: 'The problem about the previous system was that it said you would have to have a certain percentage of coverage of solar panels, but if you couldn't achieve that percentage, you didn't have to do anything at all. 'Under our plans, we are not going to say that. We are going to say even if you can't hit 40 per cent you will still have to have some solar panels, except in rare, exceptional cases.' The policy is expected to add between £3,000 and £4,000 to the cost of construction, but supporters claim it would save owners more than £1,000 on their annual energy bills. Labour's manifesto included a pledge to build 1.5 million new homes over the course of the Parliament. It comes after Miliband called for car parks across Britain to be turned into solar farms. However, there have been a number of high profile fires recently that have been attributed to the panels. Last month, a faulty solar panel was blamed for a fire at a maternity hospital which led pregnant women and babies to be evacuated from the building in Bristol. They were also said to have probably been the cause of a fire that severely damaged a £1.5 million home in Dorset during the same month.


Reuters
15 minutes ago
- Reuters
European shares steady ahead of key US jobs data
June 6 (Reuters) - European shares were stable on Friday, as investors refrained from placing major bets ahead of crucial U.S. jobs data, with persistent trade tensions adding to the uncertainty. The pan-European STOXX 600 (.STOXX), opens new tab held its ground at 551.95 points, as of 0809 GMT, and remained on track for a second consecutive weekly gain, if momentum holds. A monthly reading of U.S. non-farm payrolls will set the tone for the day, helping investors gauge the impact of U.S. President Donald Trump's trade policies on the labor market and how the Federal Reserve might navigate this uncertain trade environment. "As the Fed is looking for hard data on the impact of tariffs on the labour markets, a print above consensus could reinforce the Fed's cautious stance and serve as a bearish impetus," Commerzbank analysts said. Trump doubled tariffs on steel and aluminium imports earlier this week, intensifying trade tensions. However, investors remained optimistic on signs of a potential easing of U.S.-China tariff tensions following Trump's phone call with Chinese President Xi Jinping on Thursday. Also on Thursday, German Chancellor Friedrich Merz said that Germany and the U.S. aim to strengthen trade ties, without offering any details. Meanwhile, the ECB's anticipated interest rate cut was largely overshadowed by President Christine Lagarde's signals that the central bank is approaching the end of its easing cycle, prompting investors to scale back expectations for further cuts. Investor focus will be on whether a public feud between Trump and Tesla top boss Elon Musk could have wider consequences for markets. "Comments from Musk yesterday about Trump tariffs, putting the U.S. in recession in the second half of this year combined with weak data this week is causing investors to sit out for the time-being," said Fiona Cincotta, senior market analyst at City Index. In the market, heavyweight healthcare (.SXDP), opens new tab and energy (.SXEP), opens new tab shares countered declines in industrial goods and services (.SXNP), opens new tab and miners (.SXPP), opens new tab. Among stocks, sportswear retailers Adidas ( opens new tab and Puma ( opens new tab slipped 0.6% and 1.4%, respectively, after U.S. peer Lululemon Athletica (LULU.O), opens new tab cut its annual profit forecast. Dassault Systemes ( opens new tab fell 1.5% after the French software company extended the target period of its medium-term earnings per share forecast by one year. Renk ( opens new tab slipped about 5%, among the worst performers on the STOXX 600, after Exane BNP Paribas downgraded the stock to "underperform" from "neutral". On the data front, German exports and industrial output appeared to fall more than expected in April, as demand from the U.S. decreased following months of strong purchases in anticipation of U.S. tariffs. In May, British house prices dropped by a larger margin than expected.


Coin Geek
22 minutes ago
- Coin Geek
Miners in tight spot as post-halving takes dent on revenue
Getting your Trinity Audio player ready... Block reward mining profitability is under severe pressure in 2025, driven by the 2024 Bitcoin halving and escalating energy costs. The halving slashed block rewards to 3.125 BTC, while global mining difficulty reached a record 123T, pushing the hash price to a low of $0.049 per terahash per second. For many miners, operational costs now exceed revenue, with some United States operations facing costs of up to $137,000 per Bitcoin—far above market prices of $100,00–$111,000. Energy costs, which can account for 80% of operational expenses, are the primary challenge. In regions like Oman, subsidized electricity rates of $0.035 per kilowatt-hour enable profitability, but miners in Europe or parts of North America face rates as high as $0.20 per kWh, rendering operations unsustainable without significant efficiency gains. Upgrading to advanced rigs like MicroBT's WhatsMiner M66S+ is a common strategy, but the high upfront cost—often exceeding $10,000 per unit—limits accessibility for smaller miners. Financial strain has forced drastic measures. Firms like Riot Platforms (NASDAQ: RIOT) sold $38.8M in BTC in December 2024 to cover expenses, reflecting a broader trend of liquidating reserves to stay afloat. Smaller miners, unable to absorb losses, are exiting the industry or being acquired by larger players like Marathon Digital (NASDAQ: MARA), which are scaling hash rates to offset reduced rewards through economies of scale. To mitigate losses, miners are diversifying revenue streams. Some are leasing excess computing power for artificial intelligence (AI) or cloud computing, leveraging existing infrastructure to generate stable income. Others are investing in renewable energy sources to lower costs, though scaling such solutions requires significant time and capital. The profitability crisis underscores the need for relentless innovation, as miners must balance immediate financial pressures with long-term strategies to remain viable in a hyper-competitive landscape. Watch | Bitcoin mining in 2025: Is it still worth it? title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> Bitcoin Halving Bitcoin Price Block Reward Mining