Government Unveils Plan to Slash Business Regulations Amid Mixed Reactions
Ministers have pledged to cut regulatory burdens by a quarter while streamlining corporate reporting requirements. Business leaders welcome the initiative, though opposition voices question its effectiveness post-Brexit.
Regulatory Overhaul Announced
The government has committed to reducing the administrative cost of regulation by 25% before the end of the current parliamentary session, according to official statements. The initiative aims to streamline business operations and enhance economic competitiveness through significant deregulation efforts.
