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Healey Announces £800 Million Regulatory Red-Tape Cuts for Businesses

By Drooid · Oct 23, 2026, 10:07 AM UTC · How we work

Summary

Story summary

Chancellor John Healey announced £800 million of regulatory red-tape cuts for businesses.
The Treasury estimates the cuts will save £290 million in reporting costs.
Easing duplicate reporting for asset managers is projected to save £105 million.
The measures aim to lower businesses’ regulatory admin by 25 percent by the end of this Parliament.
Healey said he will not raise capital gains tax in the upcoming Budget.

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Story summary

Chancellor John Healey announced £800 million of regulatory red-tape cuts for businesses.
The Treasury estimates the cuts will save £290 million in reporting costs.
Easing duplicate reporting for asset managers is projected to save £105 million.
The measures aim to lower businesses’ regulatory admin by 25 percent by the end of this Parliament.
Healey said he will not raise capital gains tax in the upcoming Budget.