Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential opportunities to reduce the regulatory burdens on business (a) before and (b) after the UK leaves the EU.

The Government committed in its manifesto to reduce the burden of regulation on business by £10bn through a Business Impact Target. The first report on the Business Impact Target was published in June and showed that we have so far delivered £885 million of deregulation savings against it.

The Government will carefully consider the implications of leaving the European Union for the Business Impact Target, and the opportunities to further reduce burdens on business.