Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what progress her Department has made on implementing the recommendations of the Taskforce on Innovation, Growth and Regulatory Reform independent report published 16 June 2021.

I can confirm that my Department will be leading on implementing the recommendations of the Taskforce on Innovation, Growth and Regulatory Reform report following the recent Machinery of Government change. Working with my colleagues, particularly the Chancellor, we have already delivered on key recommendations - such as offshore energy network coordination, costs and charges reports in the Markets in Financial Instruments Directive II (MiFID II) and clinical trials approval. I will continue working with Cabinet colleagues on the delivery of the remaining recommendations. This will include building on the announcements made in the Spring Budget.