Chancellor John Healey vows to slash 'pointless paperwork' and save British firms £800m ahead of his first Budget
Shadow chancellor Andrew Griffith said Labour had 'finally admitted that endless red tape is hammering businesses and killing jobs'. The biggest saving, £290m, comes from streamlined reporting rules, and cutting red tape on home sales is worth £116m. Tariff pauses on more than 250 products will run for another year, saving up to £155m. Healey's Budget is due on Wednesday.
Prime Minister Andy Burnham said: 'We're getting government off their backs.'
Small firms will no longer file profit and loss accounts at Companies House from April 2028.
CBI chief Rain Newton Smith welcomed the plans but said delivery would be the real test.
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