Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate she has made of the cost to the public purse of UK regulators taking on regulatory functions currently carried out by EU regulatory bodies when the UK leaves the EU.

Government’s priority is to have effective regulatory systems. Where an EU regulatory function is repatriated then in most cases this will be undertaken by an existing regulatory body. The National Audit Office considers that there are 90 regulators operating in the UK. ‘Managing Public Money’ sets out when fees and charges may be levied by a public body for a function, or whether a function can be Exchequer-funded. Where legislation is required to repatriate functions, further information may be found in the relevant impact assessment or explanatory memorandum.