The government has ditched plans to set up a consumer ‘super regulator’ following pressure from businesses and existing watchdogs.

In the government’s pre-budget report released yesterday, the chancellor said that instead of a ‘super regulator’ it would form the Local Better Regulation Office that would work with national regulators “to ensure a single coordinated set of priorities” for local authorities.

The pre-budget report also revealed that the government would set up a task force to examine the UK haulage industry’s plight in the face of increased overseas competition and fuel duty.