Leo Varadkar (Dublin West, Fine Gael)

I thank the Minister and look forward to our engagements.

Unfortunately, I do not have a copy of the report in front of me, but my understanding is that five recommendations were made and among those was the use of the standard cost model in assessing regulatory impact.

Will the Minister introduce this model and if not, why not? Will he follow the example of the Netherlands by setting a real target for reducing the cost of regulation? The Netherlands planned and succeeded in reducing the cost of regulation by 25% over five years and now plans to do the same over another five-year period. If the Minister sets a real target on reducing the cost of red tape on business, his efforts could be benchmarked.

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