UK Chancellor Rachel Reeves announces plans to cut red tape for businesses to boost productivity.

Chancellor Rachel Reeves is set to announce plans to eliminate unnecessary paperwork for thousands of UK businesses, aiming to reduce administrative burdens and boost productivity. The move, part of a broader effort to support small and medium-sized enterprises, will focus on streamlining reporting requirements and simplifying compliance processes. The government says the reforms could save firms time and resources, though specific details on implementation and affected sectors remain limited.