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Eased UK financial reporting burdens backed by government in £6bn savings drive

By Sofia Gerace ( October 21, 2025, 06:25 GMT | Insight) -- Plans by the UK’s financial regulators to simplify reporting requirements for financial services firms have won backing from finance minister Rachel Reeves. Reducing reporting requirements is one of the measures contributing to a “blitz on business bureaucracy” by the government to save businesses nearly £6 billion a year, Reeves is due to tell an investment summit on Tuesday.Plans by the UK’s financial regulators to simplify reporting requirements for financial services firms under a wider government drive to cut red tape have won backing from finance minister Rachel Reeves....

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