Oral Answers to Questions

Gagan Mohindra Excerpts

Thursday 12th March 2026 Commons Chamber

[Peter Kyle]

I am grateful for my hon. Friend’s advocacy on this issue. Britain is the start-up capital of Europe. We are doubling down to ensure that once businesses are started up, they can scale up, stay and build their innovation here, which is why we are also the unicorn capital of Europe. We will double down and make sure that all that innovation, job creation and wealth creation remain here benefiting Britain, including my hon. Friend’s constituency.

[Mr Gagan Mohindra (South West Hertfordshire) (Con)]

Anchor Sound and Security, based in Kings Langley, explained to me how it is disincentivised to hire more employees due to rising compliance costs and regulatory uncertainty. What is the Minister doing to stop regulations stifling small business growth and destroying the strong relationships between employer and employees?

[Peter Kyle]

The Government have a commitment to reduce the regulatory burden on business by 25%. My Department led on almost £1 billion of regulatory reform for company reporting in just the first weeks of our taking office. The small business plan and strategy will deliver for small businesses, on top of the industrial strategy, of course, which is getting our economy facing the future and into solid growth for now and the future.