The "bonfire" of EU laws by the federal government is to scrap lower than 1 / 4 of the estimated European legal guidelines on statute books, MPs have been advised.

Sky News understands Eurosceptic Tory MPs have been advised by Business and Trade Secretary Kemi Badenoch simply 800 of roughly 4,000 legal guidelines are anticipated to be ditched by the top of this yr.

Brexiteer Conservatives - together with the European Research Group - will probably be angered by what they'll see as a watering down of a promised "bonfire" of EU "red tape".

Rishi Sunak stated at his agenda-setting New Year's speech {that a} "big part" of accelerating development within the nation was "seizing the opportunities of Brexit", which incorporates ensuring that "regulations are agile" and help "innovation".

"We have new opportunities and freedoms to do that, and we are absolutely going to seize them to deliver for the country," he added on the time.

Jacob Rees-Mogg was the Brexit alternatives minister who was shepherding the Retained EU Law Bill by means of parliament earlier than he left authorities when Mr Sunak took workplace.

This regulation would revoke EU legal guidelines by the top of this yr that are judged to not be important.

Mr Rees-Mogg branded the replace from Downing Street as "thin gruel".

And one Eurosceptic MP advised Sky News: "I'm extraordinarily disenchanted.

"It goes against all the assurances we have had from the prime minister.

"In truth, I'd be very stunned if he supported it."

But a person previously involved in Brexit discussions welcomed the move - and highlighted its pragmatic nature.

Raoul Ruparel, who advised Theresa May on Brexit, said that this was "absolutely how the method was meant to work" - and that removing laws "for the sake of it" would be "nonsense".

He also pointed out that the ERG's failure to muster a large rebellion over the government's new agreement with the EU on Northern Ireland may have emboldened Downing Street.

Naomi Smith, the chief executive of the anti-Brexit campaign group Best for Britain, said: "Unless it's scrapped completely, this invoice will mechanically take away staff' rights, meals requirements and environmental protections by the top of the yr whereas unleashing financial chaos within the UK."

Sources close to Ms Badenoch did not deny she made the remarks.

A authorities spokesman stated ministers proceed to help the invoice and eradicating "unnecessary" EU legal guidelines - however didn't decide to finishing the elimination by the beginning of 2024.

He stated: "We remain committed to ensuring the Retained EU Law Bill receives royal assent and that the supremacy of EU law ends with unnecessary and burdensome EU laws removed by the end of this year.

"Once handed, the invoice will allow the nation to additional seize the alternatives of Brexit by guaranteeing rules match the wants of the UK, serving to to develop our financial system and drive innovation."