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Birmingham Post
Birmingham Post
Business
Hannah Baker

Mini-Budget 'screeching handbrake' U-turn divides opinion among businesses

Jeremy Hunt's near-complete U-turn on the prime minister's economic plan has divided opinion among businesses in the South West.

The new chancellor has almost completely scrapped Liz Truss and Kwasi Kwarteng's mini-Budget - including the majority of tax cuts - and has even hinted at a new windfall tax. He is expected to reveal more details in a statement on October 31.

The changes to the plan have been described as a "screeching handbrake turn" by the chief executive of Dorset Chamber, who said the original proposal was "poorly thought out" and had "backfired".

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