Leo Varadkar (Dublin West, Fine Gael)

I understand what the Taoiseach has said to be somewhat different. He stated Ireland will play its part in reducing the cost of regulation. That is what one says when there is no plan to do anything. Has the Government formally signed up to a 25% reduction target and if not, when is it intended to do so?

I accept the Minister's statement on not implementing the standard cost model in the way it is done in the Netherlands. The implication is that it is intended to introduce it in some sort of Irish way. Perhaps the Minister will expand on that?

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