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Press release

Update on the Government’s plans for audit reform legislation

Letter from the Minister for Small Business and Economic Transformation to the Chair of the Business and Trade Committee on the Government's plans for audit reform legislation.

This was published under the 2024 to 2026 Starmer Labour government

On Tuesday 20 January, the Minister for Small Business and Economic Transformation, Blair McDougall, wrote to the Chair of the Business and Trade Committee to inform him that the Government will not be consulting on audit reform legislation.

Please find the letter below.

Updates to this page

Published 20 January 2026