Chancellor John Healey plans to slash 'pointless paperwork' to save businesses £800m

Summary

Chancellor John Healey plans to slash 'pointless paperwork' in a bid to save businesses £800m, the Evening Standard and The Independent reported on Friday 23 October, the Chancellor and Prime Minister Andy Burnham being due to meet small business leaders at No 10 North that day. Healey said a package to streamline regulation on reporting requirements as well as further tariff reductions will save businesses around £800m a year, City A.M. reported, in a pre-Budget announcement confirming that the government would make reporting requirements for firms and asset managers easier. Ministers say the changes in regulations will reduce unnecessary bureaucracy, according to BBC News, and The Independent reported that John Healey wants to cut back on 'form-filling' to give companies 'breathing space'.

Latest: Chancellor John Healey plans to slash 'pointless paperwork' to save businesses £800m, the Evening Standard and The Independent reported, City A.M. saying a package to streamline regulation on reporting requirements and further tariff reductions will save businesses around £800m a year, and BBC News that ministers say the changes will reduce unnecessary bureaucracy.

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