He has warned that the increasing regulations from the government and local authorities and the low fees being paid are causing problems for many homes.

BBC: Pensioner attacks care home crisis

During questions from the Commons Communities and Local Government Committee, Mr Boles said this would not remove the need for complying with building regulations and the rule that no more than half of a garden can be used for an extension.

BBC: Home extension deregulation plans 'may go on longer'

The bank regulator, the CBRC, is already tightening regulations around wealth management products and local government lending.

FORBES: Barclays Warns On China

The central government can void local regulations that conflict with national laws, and has done so over 300 times since 2001.

ECONOMIST: How far should regional autonomy go?