In a report on how the Government will take advantage of Brexit, the Prime Minister vowed to 'seize the incredible opportunities that our freedom presents'. Pictured: The Prime Minister speaks during a statement at the House of Commons today
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Brexit Britain can save businesses £1bn by axing EU laws, Boris Johnson says

  • Prime Minister has vowed to ‘seize the incredible opportunities that our freedom presents’
  • Benefits of Brexit paper sets out how ministers hope to target £1 billion of business savings
  • Aims to do this by making changes to inherited EU regulations
  • Mr Johnson said Britain will use benefits of being out of bloc to ‘build back better than ever before’ 

Britain will plant its flag on the world stage again as it untangles itself from 40 years of EU membership, Boris Johnson has declared.

In a report on how the Government will take advantage of Brexit, the Prime Minister vowed to ‘seize the incredible opportunities that our freedom presents’. 

The Benefits Of Brexit paper sets out how ministers hope to target £1billion of business savings by making changes to inherited EU regulations.

Mr Johnson said Britain will use the benefits of being out of the bloc to ‘build back better than ever before’. 

In a report on how the Government will take advantage of Brexit, the Prime Minister vowed to 'seize the incredible opportunities that our freedom presents'. Pictured: The Prime Minister speaks during a statement at the House of Commons today

In a report on how the Government will take advantage of Brexit, the Prime Minister vowed to ‘seize the incredible opportunities that our freedom presents’. Pictured: The Prime Minister speaks during a statement at the House of Commons today

He writes in a foreword to the report: ‘This is a hugely exciting time for our country, one filled with potential and opportunity.’

Officials are reviewing all retained EU laws to assess which of them should be scrapped.

Mr Johnson wrote: ‘Untangling ourselves from 40 years of EU membership, keeping what works, changing what doesn’t, supporting new industries, reinvigorating older ones and firmly planting the British flag on the world stage once again.

‘The bolder we are, the greater the gains will be for us all.

‘And-as this document demonstrates-this is a government that possesses the ambition and determination the UK needs to succeed now and for many years to come.’

The 102-page report lays out how the UK will forge new regulations, pledging to ‘use our new freedom to act quickly and nimbly’ in a bid to create ‘better markets’.

Other changes, including digitising trade documents, are proposed in a bid to save billions of pounds for British businesses.

In the rush to leave the bloc, the UK left in place almost all existing EU laws.

Although they can be overturned, ministers complain it is a laborious process, with primary legislation needed to change even minor details.

Officials are already reviewing all retained EU laws to assess which bits should be scrapped – but have warned that reforms will take years unless their special status is ended.

Downing Street has said it will bring forward a Brexit Freedoms Bill to make it easier to amend outdated EU law.

The 102-page report lays out how the UK will forge new regulations, pledging to ¿use our new freedom to act quickly and nimbly¿ in a bid to create ¿better markets¿. Pictured: The Prime Minister during a visit to the Tilbury Docks today

The 102-page report lays out how the UK will forge new regulations, pledging to ‘use our new freedom to act quickly and nimbly’ in a bid to create ‘better markets’. Pictured: The Prime Minister during a visit to the Tilbury Docks today

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