Small Businesses: Regulation
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the 25% administration reduction target set out in the Regulation Action Plan on the baseline annual compliance costs of small and medium-sized enterprises.
Answered by Blair McDougall
We have established a baseline of the annual administrative burden of regulation on UK businesses, including SMEs. As set out in the technical annex to the policy paper ‘A new approach to ensure regulators and regulation support growth’, we used a pragmatic, top-down approach, building on the previous Administrative Burden Reduction Programme (2005-10), which was based on detailed feedback from businesses, including SMEs, in individual sectors.
Our approach was also informed by DBT’s Business Perceptions Survey, which draws from a large, representative sample of businesses across sectors and sizes to ensure our reforms are targeted effectively.
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