Regulatory Burdens

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 11th March 1992.

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Photo of John Redwood John Redwood , Wokingham 12:00 am, 11th March 1992

The hon. Lady seems to be confusing the regulatory record of my Department with the regulators outside my Department, who were deliberately set up as independent regulators as a result of legislation passed by the House. Unless she asks a more precise question about a particular regulator and a particular action, I cannot comment on the detailed points that she makes. I believe that the legislation passed by the House has created a strong regulatory framework and I am always encouraging the regulators to root out fraud, incompetence and crime wherever it may be.