Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her speech at the Regional Investment Summit on 21 October 2025, what metrics her Department used to calculate the forecast annual £6 billion in savings for businesses arising from regulatory changes.

A baseline for the administrative burden of regulation on businesses has been established at £22.4bn a year. Further to the Prime Minister’s commitment to cutting the administrative costs of regulation by 25% by the end of the Parliament, the Government’s target is to reduce the annual burden by £5.6bn.

Our methodology for calculating administrative burdens, and the distribution of the savings we have identified so far, is publicly available on GOV.UK.