Rachel Reeves set to launch ‘blitz on business bureaucracy’ to save firms £6bn

Rachel Reeves visits the Sipsmith distillery in London. More than 100,000 small business are to benefit from a drive to slash red tape and regulations. Photograph: Paul Grover/Reuters

The chancellor, Rachel Reeves, is poised to launch a renewed “blitz on business bureaucracy” ahead of next month’s budget to target savings for companies worth £6bn.

With Labour under pressure to reboot the economy, Reeves is expected to tell business leaders in Birmingham for the government’s first regional investment summit that she plans to “cut pointless admin”.