The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)
The Government are today publishing the seventh statement of new regulation. This statement reports on regulations within the scope of the one in, two out rule which are expected to come into force between 1 January and 30 June 2014, and gives an account of Government regulation and deregulation to date. The statement shows that the sum total of Government deregulation between January 2011 and December 2013 will be to reduce the net annual cost to business by around £1.2 billion.
The statement also reports on the red tape challenge measures expected to come into force and progress on the targets; and EU measures which are implemented by UK regulations.
In parallel, Departments are each publishing a summary of the regulations they intend to introduce.
I am placing copies of the statement in the Libraries of both Houses.