HMRC to review relationship with business. By Dan Martin

HMRC is to carry out a review of its relationship with big business, while the Treasury has been tasked with significantly reducing companies' regulatory burden, chancellor Gordon Brown said today.

Writing in the 'Financial Times', Brown announced a new target to slash corporate red tape.

"At all times we promise a risk-based approach to regulation in areas where the Treasury is directly responsible, such as asset freezing," he said.

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