Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, what progress he has made on achieving a 25 per cent reduction in the cost of regulation and a £550 million reduction in consultancy costs.

The Government is committed to cut the administrative burden of regulation on businesses by 25%, or £5.6bn by the end of this Parliament. So far, we have identified £1.5bn in gross administrative burden savings; cutting back on corporate reporting for tens of thousands of businesses and simplifying the regime for financial services senior managers.

This Government will relentlessly root out waste, drive efficiencies, and protect taxpayers’ money. This is why we reduced consultancy spending by £550m in 2024/25 compared to previous plans, as set out at the July Spending Audit 2024.