§ Mr. SteenTo ask the Secretary of State for the Home Department what is the estimated saving to the Exchequer by the repeal of each rule and regulation which has so far been the subject of a reference to the Deregulation Committee from his Department; and in how many cases a compliance cost assessment has been carried out.[41545]
§ Mr. Howard[holding answer 6 November 1995]: My Department has laid two draft deregulation proposals to date. The measures concerned are not expected to accrue any significant savings to the Exchequer, but certain benefits to business are expected. For example, in the case 828W of the draft Deregulation (Greyhound Racing) Order, the financial savings likely to accrue to the greyhound industry have been estimated at £260,000 per annum.
The explanatory document which is presented to the Committee alongside each draft order is required to contain an assessment of the cost savings to business and any other persons whom the draft order is intended to benefit.