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1608033

registered interest
date	27/03/2023
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Business: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, what progress her Department has made on developing proposals to replace the Business Impact Target set out in the Deregulation Target 2015.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	174450
answer	answer is ministerial correction date of answer 13/04/2023 answer text <p>We plan to replace the current better regulation framework, which is underpinned by the statutory Business Impact Target, with a reformed better regulation framework. This will be aligned with our principles for regulation as set out in “The Benefits of Brexit”.</p><p>We are finalising the details of these reforms, which we intend to implement following the repeal of the Business Impact Target via the Retained EU Law (Revocation and Reform) Bill.</p> answering member constituency Thirsk and Malton answering member printed Kevin Hollinrake question first answered 13/04/2023 10:00:09 answering member 4474 label Biography information for Kevin Hollinrake
tabling member	4787 label Biography information for James Wild

1608034

registered interest
date	27/03/2023
answering body	Department for Business and Trade
answering dept id	214
answering dept short name	Business and Trade
answering dept sort name	Business and Trade
hansard heading	Business: Regulation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business and Trade, what assessment her Department has made of the effectiveness with which regulators have complied with the duty to promote growth in the Deregulation Act 2015.
tabling member constituency	North West Norfolk
tabling member printed	James Wild
uin	174451
answer	answer is ministerial correction date of answer 13/04/2023 answer text <p>Since it came into effect, the growth duty requires regulators to have regard to the desirability of promoting economic growth, alongside the delivery of protections set out in relevant legislation. Guidance has been produced to assist regulators in fulfilling this responsibility, both at a strategic and operational level, including the proper consideration that must be made before allocating resources, setting enforcement policies, and making sanctioning decisions.</p><p>In the Spring Budget, the Chancellor announced that the government’s new Chief Scientific Adviser, Professor Dame Angela McLean, will oversee a review of the regulator growth duty.</p> answering member constituency Thirsk and Malton answering member printed Kevin Hollinrake question first answered 13/04/2023 09:49:12 answering member 4474 label Biography information for Kevin Hollinrake
tabling member	4787 label Biography information for James Wild