Written Question·Treasury·UIN 43694

Financial Services: Regulation

Tabled: 2 April 2025
Answered: 9 April 2025

Question

Joe Robertson

ConservativeIsle of Wight East

To ask the Chancellor of the Exchequer, what her Department's policy is on whether compliance costs reported for financial regulations should be subject to periodic independent verification.

Answer

Emma Reynolds
Following the announcement to cut the administrative costs of regulation on businesses by 25% by the end of this Parliament, the government is now taking forward a baselining exercise to understand how much regulation is costing and where it can be reform...

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