Business: Regulation
Commons · Question 6564 · Tabled 4 Oct 2024 · Department for Business and Trade · Official record
Answered 14 Oct 2024
Question
Asked by James Wild
To ask the Secretary of State for Business and Trade, if he will make an estimate of the total annual cost of regulation to UK businesses.
Answer
Answered by Justin Madders, 14 Oct 2024
In 2023, the previous government repealed the Business Impact Target (BIT) through the Retained EU Law (Revocation and Reform) Act. The BIT was the principal mechanism through which government made an estimate of the total annual cost of regulation to UK ...