Question to the Department for Business, Innovation, Science and Trade:

To ask His Majesty's Government when they intend to publish the proposed reforms to create a more proportionate company reporting framework as set out in paragraph 4.52 of the Budget.

The government’s Modernising Corporate Reporting programme aims to create a simpler, more proportionate corporate reporting framework that supports economic growth. We are consulting on a broad range of measures until 30 November. No final policy decisions have been made; we will consider responses and set out the final package and timelines in due course. Implementation will depend on legislative route for individual measures and the availability of Parliamentary time.

This package builds on earlier reforms: companies already benefit from this government’s earlier reforms which uplifted 132,000 companies from more onerous reporting requirements, saving companies £240 million per year.