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Regulation Action Plan: Progress Update and Next Steps
21 October 2025
Type
Written Ministerial Statement
Department
Treasury
At a Glance
Issue Summary
This statement addresses the progress made in implementing the UK Government's Action Plan to overhaul the regulatory system, aiming for a reduction in administrative burdens and support for economic growth.
Action Requested
The government has published an update on the Regulation Action Plan detailing tangible progress towards reducing regulatory burdens by £1.5bn through various measures such as the Planning and Infrastructure Bill and reforms to financial services information requirements. It also outlines new actions including simplifying the regulatory landscape, targeted regulatory reforms in key sectors, and leveraging opportunities from improved EU relations.
Key Facts
- The Government aims to reduce the administrative burden of regulation on businesses by £5.6bn over the course of Parliament.
- A baseline for the annual administrative burden of regulation on businesses is set at £22.4bn a year.
- The Planning and Infrastructure Bill will deliver £272m in administrative savings by 2030.
- The National Underground Asset Register will save over £185m per year.
- Reforms to the Financial Ombudsman Service, abolition of Ofwat, and establishment of the Fair Work Agency are among the measures taken.
- Regulatory reforms have been set out across 8 high-priority growth sectors.
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