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Al Jazeera
Al Jazeera
Business

UK’s Reeves floats ‘radical shake-up’ of bureaucracy to cut business costs

Rachel Reeves Sir Keir Starmer United Kingdom
Britain's Chancellor of the Exchequer Rachel Reeves hosts a roundtable with the defence sector at RAF Waddington in Lincolnshire, England, on February 28, 2025 [Yui Mok/Pool via AP]

The United Kingdom’s Labour Party government is set to announce a “radical shake-up” of bureaucracy aimed at cutting administrative costs for businesses by a quarter.

British Chancellor of the Exchequer Rachel Reeves is set to meet with regulators on Monday to announce the “action plan” for cutting red tape, His Majesty’s Treasury said in a statement on Sunday.

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