The Daily Telegraph has reported that the Government does not intend to repeal the Human Rights Act (HRA) and introduce a British Bill of Rights in its place during this Parliament which is excellent news.
Read the report here: http://www.telegraph.co.uk/news/2017/01/26/theresa-may-preparing-abandon-plans-british-bill-rights-sources/
It is important to remember that the Council of Europe which oversees the European Convention on Human Rights ( must of which is incorporated directly into UK law by the HRA) is entirely separate from the European Union and the European Court of Justice (e.g. Russia is a member of the Council of Europe!!).