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Regulatory Enforcement and Sanctions Bill [Lords]

I commend the work of the Joint Committee on Statutory Instruments in improving regulations. I can only repeat what I said in response to the hon. Member for Stone (Mr. Cash). The Government have led the way in ensuring that the process of measuring and targeting administrative burdens for reduction, which we have undertaken for the past couple of years in this country, also happens at European level. We know that we need to do more to ensure that Britain retains and improves on its position as a great country in which to do business and invest. Later this summer, we will consult on a radical new system of regulatory budgets, which will set out the cost of new regulation.