Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have undertaken on the impact of regulatory burdens on the confidence of foreign investors, and on the UK's competitiveness.

This Government has recognised that the administrative burden of regulation is too high. We have now established a baseline for the administrative burden of regulation on businesses of £22.4 billion a year. This is why we have committed to reduce this administrative burden by 25%, or £5.6bn, by the end of this Parliament. The Government is working to make the UK the best place to start and grow a business and this approach is designed to create a regulatory environment that is proportionate, transparent and internationally competitive, enabling businesses to innovate and invest with confidence.