Plaid Cymru MS Llyr Gruffydd has described the UK Government's new Subsidy Control Bill as "another power grab by the UK Govt."
The Bill sets out the UK government’s legislative proposal for a new UK subsidy control regime.
A subsidy is where a public authority—such as a central, regional or local government— provides support to a business, or other organisation, that gives them an advantage over competitors.
This can take the form of a grant, a tax break, a loan or guarantee on favourable terms, or the use of facilities below market price.
Having left the European Union, the UK is no longer subject to EU State aid rules (the EU’s particular approach to subsidy control).
Mr Gruffydd said that the new Bill would give "broad powers" to the Secretary of State for Wales with "no scrutiny to Welsh Ministers or the Senedd".
Mr Gruffydd also said that it will "undermine the powers of the Senedd to act in devolved areas such as economic development, agriculture & fisheries."
He said: "Another power grab by the UK Govt. This will undermine the powers of the Senedd to act in devolved areas such as economic development, agriculture & fisheries. It gives broad powers to the Sec of State with no scrutiny to Welsh Ministers or the Senedd."