Tue, 21 Oct 2025

Tue, 21 Oct 2025 Reeves plans to 'scrap needless form filling' for firms

The chancellor acknowledged that for many people the economy was "not working as it should" and said the reforms would boost growth.

* Chancellor Rachel Reeves plans to scrap "needless form filling" to boost business growth
* Reforms will save firms almost £6bn a year by the end of the parliamentary term
* Plans include reforming the company merger process and introducing simpler corporate rules for small businesses
* Business Secretary Peter Kyle defended Labour's approach, saying changes would be "pro-worker and pro-business"
* The government has pledged to reduce administrative costs of regulation by a quarter by the end of this Parliament
* Businesses have welcomed the plans, but some have expressed concerns that taxes for employers could rise in next month's budget
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