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Business of the House

I am grateful to my hon. Friend. There may be an opportunity in the context of the Budget debate to discuss that matter further. He is right to point out that from January 2011 to April this year, the one-in, one-out system will result in the net change in domestic regulation remaining at or close to zero. Eleven of the 14 Departments report a net reduction or no change in the regulatory costs to business. The red tape challenge has so far considered more than 1,200 regulations, and has agreed to scrap or improve well over half of them.