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Regulatory Enforcement and Sanctions Bill [Lords]

The Minister makes an interesting point, but I gave an example earlier of an old lady whose name is cleared and who is vindicated. I believe that companies should have that right, not after they receive the fine or other penalty, but before that damage is done. Once a fine is imposed, reputation is lost, even if the decision is overturned on appeal. As I said, regulation can help business as well as the consumer by creating a level playing field. However, I am sure that everyone involved—businesses, consumers and the Government—would wish to see less regulation. The Government have committed to reducing the regulatory burden on business by 25 per cent. by 2010. We are now halfway through the time allocated, yet even having picked the low-hanging fruit, the Government have managed only 6 per cent. so far. It is to be hoped that the local better regulation offices will work extra hard in conjunction with the primary and the local enforcement authorities to help to mitigate the effects of the huge burden of regulation on British business today.