Question to the Department for Business and Trade:

To ask His Majesty's Government, with regard to their policy paper Backing your business: Our plan for small and medium sized business (CP 1358), which regulations they will repeal to help cut the administrative cost of regulation to business by 25 per cent.

We are working across government and with regulators to meet our ambitious target to reduce the administrative burden of regulation to business by 25%. As a down payment on this work, we announced reforms as part of the Industrial Strategy that will contribute. This included harnessing the potential of new technology to make compliance with money laundering regulations simpler using digital identity verification checks and removing requirements and increasing the permissible size for air source heat pumps. We will continue to work with business and stakeholders to identify further administrative savings. We will set out more detail in due course.