By Stefan Boscia Business secretary Jacob Rees-Mogg wants to scrap all business regulations for SMEs with under 500 employees, according to a Treasury minister. Chief secretary to the Treasury Chris Philp told a fringe event at the Tory party conference today that Rees-Mogg would soon outline a package of measures to slash business regulation. “One of which is making sure no business under 500 employees is subject to business regulation – another critically important move,” Philp said. Rees-Mogg was contacted about what cutting all business regulations would entail. The government is planning …