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 developing proposals to replace the Business Impact Target set out in the Deregulation Target 2015.

We plan to replace the current better regulation framework, which is underpinned by the statutory Business Impact Target, with a reformed better regulation framework. This will be aligned with our principles for regulation as set out in “The Benefits of Brexit”.

We are finalising the details of these reforms, which we intend to implement following the repeal of the Business Impact Target via the Retained EU Law (Revocation and Reform) Bill.