Chancellor John Healey signals a pro-business shift ahead of the budget, acknowledging that recent employment law, tax and regulation have put pressure on firms. He pledges to cut red tape for smaller enterprises.
01Summary
- 01Healey told the Times he wants to be a chancellor who 'backs business' and supports entrepreneurs.
- 02He acknowledged government has put 'a lot of pressure' on businesses via employment law, tax and regulation.
- 03A senior Treasury source said Healey is expected to abolish reporting requirements for many smaller enterprises.
- 04Healy defended predecessor Rachel Reeves' employer national insurance rise as needed due to Tory 'dereliction of duty'.
- 05Crime figures released by the ONS show overall crime against individuals and households has fallen over the last decade, except fraud.
02Why it matters
The chancellor's remarks signal a potential shift in fiscal policy that could reduce costs and regulatory burdens for small business owners and entrepreneurs, potentially affecting jobs and investment.
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