Government plans to ‘cut £1bn in red tape’ with new post-Brexit legislation

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No 10 announces bill to change status of EU law in legal framework but critics say leaving bloc has already led to billions in expenses

Boris Johnson has announced plans for legislation to make it easier to rip up EU regulations and protections, amid criticism from Conservative MPs that the government has not taken sufficient advantage of Brexit.

The plans claim to cut £1bn in red tape expenses for businesses, but Johnson gave no firm details on which regulations are intended to be repealed or enhanced, instead stating five principles that would be applied, including the value of sovereignty and creating new markets.

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