Keir Starmer under fire after ditching Tory attempts to relieve the burden on businesses – on the same day he vowed to scrap red tape for firms [Video]

Sir Keir Starmer was blasted last night for ditching Tory attempts to relieve the adminstrative burden on businesses – on the same day he vowed to scrap red tape.

The Labour Government quietly announced yesterday that it would not go ahead with proposals put forward by Rishi Sunak to help small firms.

The Department for Business and Trade (DBT) said the plans to simplify company reporting, announced in March, are ‘not being taken forward at this time’.

They would have raised the threshold for businesses being classed as medium-sized from 250 employees to 500, sparing many bosses of small enterprises the requirement to file detailed accounts, as well as exempting them from having to write ‘strategic reports’ reviewing the previous year.

But at the same time, the Prime Minister was telling business leaders at his International Investment Summit that he was determined to ‘rip out the bureaucracy that blocks investment’, claiming that where regulation is ‘needlessly’ holding back growth …