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Rachel Reeves Unveils Plan to Cut Red Tape for Business
- Chancellor Rachel Reeves is set to launch a crackdown on needless form-filling at the Regional Investment Summit in Birmingham on Tuesday, with the Treasury saying it will save firms almost £6 billion a year.
- Earlier this year the Government pledged to cut administrative regulation costs by 25% by Parliament's end, and Chancellor Reeves's move builds on the 'Leeds reforms' targeting financial sector regulators.
- The package will remove specific paperwork burdens including lengthy director reports to Companies House, simpler reporting rules for more than 100,000 firms, and digital checks using trained artificial intelligence models.
- The National Wealth Fund will provide 104 million for wind and heat projects, and Welltower commits 6.5 billion to elderly care facilities, while the Crown Estate plans housing at Harwell East.
- Business groups welcomed parts of the package while urging consultation, with ministers acknowledging firms must be consulted to maximise impact and Liberal Democrats urging a UK-EU customs union, citing two billion extra paperwork pieces, Daisy Cooper, Deputy leader said.
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19 Articles
19 Articles
Coverage Details
Total News Sources19
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
Factuality
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