(1 year, 1 month ago)
Commons ChamberMy right hon. Friend the Member for Chipping Barnet is absolutely right to push us on this issue. We are working across Government to implement reforms. So far, we have delivered 10 of the 69 recommendations identified in the TIGRR report, in areas such as offshore wind and reforms to the Medicines and Healthcare products Regulatory Agency. Delivery of a further 49 is ongoing, in high-profile areas such as artificial intelligence reform, easing clinical trials, pensions, the ability to invest in venture capital, the General Data Protection Regulation and the seed enterprise investment scheme, all of which is saving businesses billions of pounds. My right hon. Friend the Secretary of State will shortly write to my right hon. Friend the Member for Chipping Barnet to confirm all those points.
I am happy to engage with the hon. Member. I missed the earliest part of his question, but we are providing an awful lot of support for small businesses in various ways. I cannot remember his amendment to the Bill, but I am happy to engage with him to see what we can do to help.
May we have an update on our proposals for a carbon border adjustment mechanism?
The Treasury published a consultation in March on a range of measures to mitigate carbon leakage. Potential policies include a carbon adjustment mechanism on managing product standards. I am sure it will report shortly.