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European Council

The moratorium does what it says on the tin: it is intended to stop the further flow of regulations. I hope the sector-by-sector analysis will start to look at the stock of regulations. Part of the problem with the way the EU works is that when the Environment Ministers all get together they think about the environment but not about the costs, and when the Social Affairs Ministers get to together they think about social affairs but not about the costs. We have to get all these groups of Ministers to focus on the cost to business of what they agree to, and this is an early start down that path.