Business: Regulation
The question
To ask the Chancellor of the Exchequer, if she will publish a breakdown of the £1.5 billion in savings identified to date under the Regulation Action Plan, including (a) sectoral distribution and (b) methodology used for calculating those savings.
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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