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UK to replace EU state aid rules on business bailouts and support

Ministers say post-Brexit subsidy system will help boost jobs and economy

The UK government has announced new laws to replace EU rules on taxpayer-funded bailouts and business support, launching a subsidy system ministers say will help boost jobs and the economy.

In one of the most important pieces of post-Brexit legislation to date, the subsidy control bill will replace EU state aid rules that require its members to seek approval for government support for businesses.

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