UK chancellor plans to cut paperwork for small businesses

The Financial Times reports Chancellor John Healey plans to keep small companies from having to file full profit-and-loss accounts with Companies House, reversing a move to bring back the requirement by 2028. The government claims its wider deregulation drive could cut business costs by £800 million a year. ITV News reports the plans also cover home-buying and selling paperwork and an extra year of tariff suspensions on more than 250 products.