Government publishes action plan progress report

HM Treasury and the Department for Business and Trade have published a progress report for the Regulation Action plan, on which they last updated in October 2025. The report looks at work across the three pillars of:

• tackling complexity and duplication;
• faster decisions and infrastructure delivery to reduce uncertainty; and
• more effective and accountable regulators.

Of the 61 commitments made in the Action Plan, 30 have already been delivered and 25 key regulator commitments are on track. The report highlights:

• the opening of the Office for Investment: Financial Services, to give dedicated support to overseas firms wanting to access the UK markets; and
• legislation to create the regulation reset.