By bizn_fun 
The government has pledged to reduce the administrative cost of regulation by a quarter by the end of this Parliament.
Kyle said the previous government “did not do enough on deregulation” despite pledging to do so, particularly after Brexit.
“If you look at some of the reporting that needs to be done by directors, for example, directors’ reports to Companies House, I’m eliminating a great deal of that today because some of it is just so unnecessary,” he said.
But pushed on whether the government’s changes to employment rights would add costs to businesses, Kyle insisted that the changes would be fair for both employers and employees.
“We are making sure that the rights and responsibilities that people have in the workplace as employers and as employees [are] right for the age we’re living in.”
Jane Gratton, the deputy director of public policy at the British Chambers of Commerce, said the plans will be welcomed by businesses.
“The burden of unnecessary red tape and bureaucracy ramps up their costs and damages competitiveness,” she said.
But the Liberal Democrats’ Deputy leader Daisy Cooper said that if the government wants to reduce red tape they should pursue an EU-UK customs union.
“If the Chancellor was serious about cutting red tape she would tackle the mind-blowing two billion extra pieces of business paperwork created by Brexit by pursuing an ambitious tailor-made UK-EU customs union,” she said.