Deregulation

Trade and Industry written question – answered on 14th February 2006.

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Photo of Adam Afriyie Adam Afriyie Conservative, Windsor

To ask the Secretary of State for Trade and Industry what assessment he has made of the impact of deregulation on productivity; and if he will make a statement.

Photo of Alan Johnson Alan Johnson Secretary of State for Trade and Industry

holding answer 19 January 2006

A recent study by the OECD shows that lower levels of regulation have contributed to accelerated growth in the UK by stimulating business investment and promoting innovation and technological catch up. OECD data also shows that the UK is the second least restrictive OECD country, only marginally behind Australia, in terms of economic and administrative regulation.

The Government have launched one of the most radical reform programmes in the world to ensure administrative and other burdens arising from regulations are minimised.

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