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The February 2016 EU Reform settlement, secured by my right hon. Friend the Prime Minister, sets out concrete steps to reduce the burden of EU regulation on business. These include regulatory simplification (including the withdrawal or repeal of legislation); a specific focus on reducing the burden on SMEs and micro-enterprises; and establishing burden reduction targets in the most onerous areas for business.
We will now work with Member States to hold the EU institutions to account, overseeing the agreement and implementation of these measures.