A panel made up of senior figures from both Leave and Remain camps are penning 50 “fixes” in a major Government-backed review that will scrap unnecessary rules and regulations put in place by Brussels after the Brexit transition period.
The massive overhaul, designed to abolish dozens of problematic red tape include banning the Government from giving builders constructing council houses cut-price loans and putting firms off taking up funds available to hire apprentices.
Another example is the scraping of rules requiring ministers to get new rail infrastructure projects signed-off.
The plans are being drawn up by a cross-party group chaired by David Cameron’s former policy chief Oliver Letwin.
He said: “There are problems that we can easily cure, and we are recommending changes that would cure them after Brexit.
“One could imagine all 50 coming into effect the day after the end of the transition period.”
Other group member are Marks & Spencer chairman Archie Norman, former deputy governor of the Bank of England Paul Tucker, Therea Villers, former Northern Ireland Secretary and Charles Moore, ex-editor of the Telegraph.
Up to ten sectors will be freed from the stifling effects of red tape including housing, construction, retail, health and energy.
State aid rules restrict EU governments providing financial help to private organisations over concerns it could “distort competition”.
Current restrictions require Government loans to small builders be set at market rates meaning officials are unable to four smaller firms to build council or housing association homes.
And while EU rules state apprenticeships should not be affected by state aid restrictions, a lack of clarity in corresponding UK regulations has led to fund not being taken up and fewer apprentices hired.
Mr Letwin said the final document due to be delivered to Business Secretary Greg Clark in September, would be “evolutionary” other than “revolutionary”, deliberately avoiding worker’s rights, which Labour leader Jeremy Corbyn claimed Tories will target after Brexit.
He said: “We’re not dealing with anything that David David [Brexit Secretary] does not want to touch.”