Written Question·Department for Business and Trade·UIN 6564

Business: Regulation

Tabled: 4 October 2024
Answered: 14 October 2024

Question

James Wild

ConservativeNorth West Norfolk

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

Justin Madders
In 2023, the previous government repealed the Business Impact Target (BIT) through the Retained EU Law (Revocation and Reform) Act.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 ...

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