It appears the UK did heavily reduce the EU's ask on subsidies. It can even choose to have an "ex post" regime if wants to. That means it doesn't need to set up a regulator to evaluate subsidies in advance. But here's the thing. It would be better if it did have a regulator 1/

We explain why below, but it more or less amounts to the fact that the UK as a quasi-federal state could really do with an independent evaluator of subsidies. It would stop the most wasteful ones causing further intra-UK rifts. 2/ https://www.instituteforgovernment.org.uk/publications/state-aid

But perhaps this one area encapsulates a common theme. The UK has secured the right to choose something different. But in reality the most logically choice is one that adapts what we had at the EU level to the UK's specific needs and circumstances 3/

And that I think should be the approach in the future. It's not quite right to say that the UK just got the right to do something different and probably won't. I think over time being unplugged from the EU's policy-making apparatus will mean differences will emerge over time 4/

If the LPF is effects based - which it seems it is - that will leave a lot of leeway for the UK to regulate in the way it wants. But its probably going to find that a lot of the EU solutions, with tweaking, are pretty good actually. After all we had a decent hand in creating them