The UK government announced plans on 23 October 2026 that it says will save businesses almost £800 million a year in administrative and tariff costs. According to HM Treasury, the measures include clearer compliance guidance, simplified corporate reporting and extended suspensions of import tariffs. The announcement came ahead of the Budget the following week.

Over £600 million of the total is described as regulatory administrative savings. The government cites up to £290 million a year from streamlining company reporting, £105 million from reducing duplicative reporting for asset managers and £116 million from streamlining home buying and selling. It also says tariff suspensions on more than 250 products, due to expire on 31 December, will be extended until December 2028, saving up to £155 million a year across sectors including chemicals, plastics, hydrogen, automotive and food and drink.

The government says it accepted recommendations from the Small Business Taskforce, and ministers were due to meet small business representatives at Number 10 North. Among the measures is pausing the Companies House profit and loss filing requirement for April 2028. Full detail of the individual savings measures was due to be published on GOV.UK on 28 October. A consultation window on tariff suspensions beyond 2027 is set to open from 11 November to 3 February.