The LRRB in parliament

In Parliament, we see the following exchange upon the Legislative and Regulatory Reform Bill

Gordon Banks (Labour)

I thank my hon. Friend for that response and welcome him to his new position, in which I am sure that he has experienced great joy in the past few days. In my constituency of Ochil and South Perthshire in Scotland, a number of businesses are creaking under the burden of regulation. Is he being bold enough in his attempts to address that?

Bold enough? Under this guise they are trying to introduce the broad sweeping Legislative and Regulatory Reform Bill, which is passed in the form the government wants is much broader than deregulation.

... or are they already thinking of the next step?

Patrick McFadden (Labour) replies:

I thank my hon. Friend for his question.

I'll bet you do, pal

The strong and stable economy that we have enjoyed in recent years is of course essential to business growth and business health. In addition, all Government Departments have been asked to produce a plan to cut unnecessary red tape by the time of the pre-Budget report later this year. However, businesses in my hon. Friend's constituency and, indeed, throughout the country will want to know why the Conservative party voted against the Third Reading of the Legislative and Regulatory Reform Bill yesterday. Conservative Members say that they want to reduce the burden of regulation, but when it came to action, they voted against the Bill.

Perhaps as the LRRB wasn't LIMITED in any way to deregulation, and indeed could lead to many new regulations without parliamentary oversight (such that it is in these days of blackberry and pagers).