Speeches by Olney.

“There is a bigger impact.”

“We’ve got you on the record.”

“Don’t worry; I will speed up. Mr Cartner, can you give us a bit more detail about the knock-on impact of Departments publishing their accounts late or getting late audits on Government operations as a whole?”

“It is a pleasure to serve under your chairship, Sir John, and I congratulate the hon. Member for Leigh and Atherton (Jo Platt) on her work in securing this debate. The current landscape is extremely challenging for businesses of all kinds across all sectors, including social enterprises. I am sure that colleagues from …”

“Just to be clear, you are saying that changing reporting requirements is one of the things that can have a larger impact overall on growth.”

“You have identified that as one of the things that will have an outsize impact.”

“How have you identified those? Is it from that business engagement or a different source?”

“Are you close to identifying what that small number of things will be this time round?”

“Sorry, just quickly, are you challenging Departments to find the ones that will have the greatest impact?”

“I completely understand, but how will you identify the 20 of the 80:20, or the ones that are going to deliver 80% of the impact? How are you going about identifying those?”

“Ms Glover, the same question to you: can you give specific examples of where an increase in regulatory risk appetite can deliver growth?”

“Mr O’Neil, the Report references the fact that there have been 10 separate attempts to do this over the last 15 years or so. What we have learned from those previous attempts to reduce the regulatory burden is that one or two things can have a great impact. How will you go about identifying which of the regulatory burd…”

“You can only assess the effectiveness from looking at GDP.”

“What certainty will there be in selecting the activities you no longer require regulated industries to carry out? You might have a range of things you could suggest, but how will you select the ones that are more likely to deliver growth?”

“Can you give me any specific examples? You cited financial regulators.”

“Mr O’Neil, what does less risk-averse regulation look like in practice?”

“Would you agree that there is a possibility that it is very easy to cut the administrative cost, but perhaps less easy to demonstrate how that is driving growth?”

“Can I interrupt you very quickly? You said that reporting requirements had decreased. Has that delivered any specific boost to growth?”

“What do you need? What will you do?”

“How will you hold those individual Departments accountable? If they do not have their own targets within that 25% overall target, how will you hold them accountable for the actions that they need to deliver?”