Andrew Rosindell
Main Page: Andrew Rosindell (Conservative - Romford)Department Debates - View all Andrew Rosindell's debates with the Department for Education
(10 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Willetts
Our flexible labour market is one of the many reasons that foreign investors are keen to invest in the UK and we can always pursue that important agenda further. The latest independent assessment shows that the UK was the most successful country in Europe in attracting inward investment.
Andrew Rosindell (Romford) (Con)
10. What steps he is taking to reduce the burden of regulation on businesses.
The Minister of State, Department for Business, Innovation and Skills (Michael Fallon)
We have significantly reduced the burden of regulation on business. The one-in, two-out rule has cut the annual cost of domestic regulation by £1.2 billion so far, and the red tape challenge has identified over 3,000 regulations to be scrapped or improved. To ensure that all future Governments remain committed to reducing burdens, the Small Business, Enterprise and Employment Bill published yesterday requires Governments to publish a target for removing regulatory burdens in each Parliament and to report against it.
Andrew Rosindell
I thank my right hon. Friend for his excellent reply. Does he agree that for business and enterprise to flourish, particularly in constituencies such as mine that have many small and medium-sized enterprises, we must stop the strangling of business by regulation from the European Union, and that means that the Prime Minister is doing absolutely the right thing in trying to reform Europe so that business can flourish in this country?
Michael Fallon
I completely agree with my hon. Friend, and I can tell him that of the 30 specific reforms requested by the business taskforce I chaired last year, nine have already been delivered, two further directives were withdrawn last month, and since the transposition rules were tightened three years ago there has been only one example of a European directive being gold-plated, which was the consumer credit directive that banned excessive payment surcharges.