MP Poynton welcomes plan to cut red tape

Livingston MP Gregor Poynton has welcomed the UK Labour Government's announcement of a major drive to cut business red tape, saving firms across the UK nearly £6 billion a year by the end of the Parliament.

- ROSS THOMSON

The measures were unveiled by Chancellor Rachel Reeves at the first-ever Regional Investment Summit, where she set out plans to scrap unnecessary paperwork, speed up planning processes, and reduce administration by 25%, a key commitment in the Government's Modern Industrial Strategy.

The crackdown will simplify corporate reporting rules for over 100,000 firms, cutting needless form-filling for small enterprises like cafes, startups, and microbreweries.