The Government are driving a wide range of regulatory reforms, from shaping the approach for new technology such as data, artificial intelligence and autonomous vehicles, to reforming existing regulations to better suit the UK, including on financial services. In addition, a range of smaller reforms will make a material difference to specific industries, and we are digitising regulation and reviewing all EU retained law.
Despite years of Labour trying to block Brexit and keep us tied to mirroring EU rules and regulations, it is this Prime Minister who got Brexit done, and we are therefore able to reform procurement rules, blocking companies with a poor track record of delivery from winning public contracts. Does my right hon. Friend agree that if Labour had its way, we would be in a scenario whereby companies failing to deliver for the taxpayer with their money could still win public contracts?
My hon. Friend is absolutely right. He highlights an extremely important Brexit opportunity around our £300 billion procurement spend. As we heard earlier, we now have the ability to use our public procurement in new and innovative ways, particularly to drive social value within communities. That will make a big difference as part of our wider levelling-up agenda.