Question to the HM Treasury:

To ask Her Majesty’s Government, in the light of the results of the Confederation of British Industry's quarterly survey of the financial sector, what steps they are taking to reduce the cost of red tape and to support the growth of the business sector.

The government has committed to supporting business sector growth in the Enterprise Bill, which will set a target of cutting £10 billion of red tape over the next five years.

The productivity plan: “Fixing the foundations: creating a more prosperous nation” launched in July 2015 outlines an number of steps the government is taking to support the growth of the business sector, including cutting red tape.