<p>The Government is committed to using our new regulatory autonomy to ensure that our regulations are tailored to the needs of the UK economy and businesses based in the UK.</p><p> </p><p>The Government has introduced a new subsidy control regime to support British businesses and innovation through greater freedom to design subsidies which deliver both local and national objectives; reforms to EU competition block exemption regulations; and the Professional Qualifications Act which will revoke EU-derived rules on the recognition of professional qualifications in the UK.</p><p> </p><p>An impact assessment for the Retained EU Law (Revocation and Reform) Bill is available on gov.uk. Departments, including the Department for Business and Trade will assess, where required, the impacts of any further changes to EU laws that are made using the powers in the Bill including on small and medium-sized enterprises.</p>