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The Tory rightwing/brexitter/free marketeers have always had their knickers in a twist over the Working Time Directive, which as Francis O'Grady pointed out, first gave 2million UK prt-time workers holiday pay.
'Less regulation/less red tape' is their shorthand for repealing the WTD.
The pre-Article 50/'informal negotiations' will be all about weaselling out of the WTD,
at a minimum.
This does in no way whatsoever describe the situation in Norway. I reckon most people you ask would say Norway is doing OK in the worker rights department.
EU rules do apply in Norway, that's the condition for access to the single market. Anything else would be unfair competition.