Business: Regulation
The question
To ask the Chancellor of the Exchequer, with reference to her speech at the Regional Investment Summit on 21 October 2025, what metrics her Department used to calculate the forecast annual £6 billion in savings for businesses arising from regulatory changes.
Answered by James Murray
A baseline for the administrative burden of regulation on businesses has been established at £22.4bn a year. Further to the Prime Minister’s commitment to cutting the administrative costs of regulation by 25% by the end of the Parliament, the Government’s target is to reduce the annual burden by £5.6bn.
Our methodology for calculating administrative burdens, and the distribution of the savings we have identified so far, is publicly available on GOV.UK.
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