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Written question asked by Tom Brake (Liberal Democrat) on Thursday, 5 July 2018, in the House of Commons. It was due for an answer on Monday, 9 July 2018. It was answered by Andrew Griffiths (Conservative) on Thursday, 12 July 2018 on behalf of the Department for Business, Energy and Industrial Strategy.

Business: Regulation

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether businesses will be charged for the cost of the creation of new regulatory agencies in the UK after the UK has left the EU.

Answer

The Government is undertaking a wide range of preparatory work looking at the implications of UK withdrawal from the EU. This includes looking at functions presently undertaken by EU agencies.

The Government’s priority is to have effective regulatory systems. Should an EU regulatory function be repatriated then in most cases this will be undertaken by an existing, rather than a new, public body.

Prior to any decisions on establishing a new public body, the Government will always examine how it might be funded in a way that meets the standards set out in ‘Managing Public Money’ for financial transparency, accountability and oversight as well as value for money for the taxpayer. Funding is considered on a case by case basis and fees and charges can only be levied where Parliament has agreed legislation permitting the funding of new bodies in this way.

We will continue to engage with businesses as we develop our approach.

Secondary information

Type
Written question
Reference
161061
Session
2017-19
Subjects
Costs Business Regulation Brexit
Link
View this Written question on www.parliament.uk