Chancellor John Healey pledges to slash 'pointless paperwork' and save firms £800m ahead of his first Budget
The Treasury says streamlined reporting rules will save £290m, with £105m for asset managers and £116m along the home-buying chain. Import tariff pauses on more than 250 products, due to lapse in December, will run for another year, worth up to £155m. Shadow chancellor Andrew Griffith said Labour had 'finally admitted that endless red tape is hammering businesses and killing jobs'. The Budget lands on Wednesday.
Prime Minister Andy Burnham vowed to get 'government off their backs'.
Small firms will stop filing profit and loss at Companies House from April 2028.
CBI boss Rain Newton Smith welcomed the plans but says the real test is delivery.
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LBCChancellor pledges to cut form-filling and mindless admin to help firms thriveLBCHealey plans to slash ‘pointless paperwork’ in bid to save businesses £800mBBC NewsChancellor plans to cut 'pointless paperwork' to save businesses up to £800mThe IndependentChancellor unveils £800 million savings for businesses by slashing 'pointless paperwork'City A.M.Healey moves to slash red tape and save firms £800m a yearlondonlovesbusiness.comHealey vows to back ‘bloody-minded entrepreneurs’ as Budget looms over British business - London Business News | Londonlovesbusiness.commirror.co.ukJohn Healey vows to slash cost of business in Budget aimed at 'entrepreneurs'City A.M.How John Healey clamped down on Treasury speculationLondon Business News‘Bloody-minded entrepreneurs’ promised backing, but £1bn tax break faces the chop - London Business NewsGB NewsJohn Healey plots tax raid on retiring business owners in BudgetSharecast.comFriday newspaper round-up: Elon Musk/Skydance, North Sea wealth fund, retiring entrepreneurs - Sharecast.comCity A.M.Business needs to speak up in Britain’s battle of ideas
