Eighth Statement of New Regulation

Wednesday 9th July 2014 Written Statements

[The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)]

The Government are today publishing the eighth 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 July and 31 December 2014. The eighth statement shows that the sum total of Government deregulation from January 2011 to June 2014 is reducing the net annual cost to business by around £1.5 billion.

The statement also reports on over 150 red tape challenge measures expected to come into force. These include the scrapping of around 50 pieces of redundant legislation, the introduction of over 100 regulatory reforms 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.