Liz Truss vowed to scrap all remaining EU laws by the end of 2023 if she becomes prime minister, as she vies for votes with Rishi Sunak in their battle to win the Conservative Party leadership election and succeed Boris Johnson.
European Union rules “hinder” British businesses, Truss said in a statement late on Friday, as she promised to set a sunset deadline or every piece of EU-derived regulation. That includes scrapping the Solvency II rules governing insurers that critics say are too onerous, curtailing their ability to invest in long-term assets such as infrastructure.
The Foreign Secretary’s promise matches one made last week by Sunak, who wrote in the Telegraph that he’d task a new Brexit delivery department with reviewing the remaining 2,400 EU laws on the British statute book with a view to scrapping or reforming them all by the next general election, due in January 2025 at the latest.
