Wednesday, 29 July 2026 · Europe
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EUROPES The European Report
European Edition Wednesday, 29 July 2026
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Economy & Money

‘I’m over the moon’: New York’s small business owners rejoice as Mamdani cuts red tape

‘I’m over the moon’: New York’s small business owners rejoice as Mamdani cuts red tape
Business | The Guardian

Initiatives including cutting permits just to serve ice-cream amount to a sweeping program of deregulation Red Scare? The democratic socialist mayor of New York City spent this week talking about red tape. On Tuesday, Zohran Mamdani – the politician at the center of a revived rightwing panic about socialists and purported communists winning elections across America - posted a video on X of himself putting a sheet of paper with the phrase “RED TAPE” into a paper shredder. Other pieces of paper, with phrases such as “cumbersome fees and fines” and “a permit you need just to serve ice-cream”, wer

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