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The State aid rules stop excessive subsidies.

They benefit consumers by allowing the best products and services to prosper (rather than those being artificially propped up).

Faster, clearer rules are to be welcomed. But they need to be effective too. #Stateaid #PublicFunding ImageImage
It’s positive that there is a commitment to having State aid rules in future.

In terms of the effectiveness, I look forward to seeing the detail of the proposals.

In my view State aid rules should (a) limit subsidies to the minimum necessary (b) safeguard the ability 1/2
of businesses to compete on a level playing field (ie on merit) and, (c) ideally, be one of the safeguards which makes the UK an attractive partner for future free trade deals 2/2
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