, Columnist
Brexiteers, No One Wants Your Bonfire of Regulations
Across finance and business, leaders and lobby groups are fearful of a rush to rewrite European laws.
Rishi Sunak, UK prime minister, needs to overcome the ultras.
Photographer: Jason Alden/Bloomberg
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The political pressure on British Prime Minister Rishi Sunak to get on with a promised bonfire of European laws never seems to cease. The pledge is a sacred totem to the influential right-wing of the ruling Conservative Party.
But it’s far from what the mainstream in finance and business wants. Executives, lobby groups and trades unions are all fearful of the costs and chaos that could result if the government tears up thousands of bits of European Union legislation without taking the time to consider the rules that should replace them.