What we are doing to reduce the administrative burden and support economic growth with our regulated entities.
In March 2025 HM Treasury (HMT) published New approach to regulators and regulations supporting growth.
This document sets out the Government’s next steps on regulation and regulators and seeks to enable a regulatory system that supports innovation and economic growth while ensuring accountability for the quality of regulations introduced, as well as the way in which independent regulators implement and enforce them.
We are responding to this publication with the workstreams below.
Reducing bureaucracy for businesses and cutting administrative costs for business by 25% by the end of the Parliament
A review of our current rail industry-facing service standards (and KPIs) leading to 15 new commitments to improve our service standards. We published our report on 26 September 2025.
We are working with Network Rail, National Highways and London St Pancras Highspeed, that we regulate and monitor, to identify and implement opportunities to increase the effectiveness and efficiency in how we work and engage. This includes looking for ways that we can reduce the administrative burden where we can whilst ensuring we can continue to fulfil our statutory duties. On 25 June 2025 we wrote a letter to Network Rail to provide an overview of our approach and to outline initial opportunities. We will say more about this publicly over the next year.