Tories say Labour has finally admitted red tape is killing jobs as Healey vows to axe £800m of 'pointless paperwork'

Shadow chancellor Andrew Griffith said Labour had only made the situation worse and created a 'youth jobs emergency'. The Treasury claims streamlined reporting alone will save firms £290m, with £116m more cut from red tape on buying and selling homes. Tariff suspensions on more than 250 products are being extended a year, saving up to £155m. The rest is due in John Healey's first Budget on Wednesday.

Andy Burnham: 'We're getting government off their backs.'

Sainsbury's boss warned the Chancellor against further employment cost hikes in the Budget.

From April 2028, small firms will no longer have to publish profit and loss figures at Companies House.