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The Independent UK
The Independent UK
National
Holly Williams

Business groups cheer Budget measures, but fears remain amid cost pressures

Measures to address worker shortages and boost investment have been welcomed by business groups, but fears remain over upcoming tax and energy bill hikes, while small firms were left feeling “short-changed”.

Alongside efforts to get Britons back into work, Chancellor Jeremy Hunt also announced plans for “full capital expensing” as he looked to soften the double blow of the upcoming increase in corporation tax from 19% to 25% from April 1 and the ending of super-deduction allowance.

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