Businesses to save £800m on paperwork under Healey's new plan
Become an Independent member to bookmark this article Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Membership today. Join today Already a member? Log in Businesses to save £800m on paperwork under Healey's new plan Anna Loren Friday 23 October 2026 07:12 BST Bookmark popover Removed from bookmarks Close popover Related: Healey says Britain's growth trajectory 'has been weak' Chancellor John Healey has unveiled plans to save UK businesses about £800 million by cutting unnecessary form-filling and red tape ahead of his first Budget. The measures aim to cut business regulatory admin by 25 per cent by the end of this Parliament, streamlining reporting and property transaction processes. Import tariff suspensions covering more than 250 products across various sectors have been extended for another year, generating up to £155 million in savings. Prime Minister Andy Burnham supported the move, saying that reducing bureaucracy will give companies the breathing space to invest, grow, and create jobs. The announcement comes amid tight public finances, after UK government borrowing rose to £24.5 billion last month. In full Chancellor unveils £800 million savings for businesses by slashing 'pointless paperwork'
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