The Scottish Parliament’s Constitution Committee has concluded that the UK’s Internal Market Act (UKIMA) places more emphasis on open trade than regulatory autonomy, when compared to the EU Single Market.
In a new report out today, the committee concluded that there are "significant challenges" in managing the tension which exists in any internal market between open trade and regulatory divergence, and that the UK internal market has significant economic benefits.
The document stated that in resolving this tension within the UK internal market, it is essential that the fundamental principles which underpin devolution are not undermined.
