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Birmingham Post
Birmingham Post
Business
Lauren Phillips

Welsh business leaders and political parties have their say on Autumn Statement

Businesses, trade bodies and political parties in Wales have been reacting to the tax rises and spending cuts worth billions of pounds aimed outlined in the Chancellor's Autumn Statement.

Jeremy Hunt took to the dispatch box in the House of Commons to unveil the contents of his budget which included substantial tax increases that he said would put the UK on a "path to stability".

Mr Hunt told MPs he was having to make difficult decisions to ensure a “shallower downturn”, but the economy was still expected to shrink 1.4% in 2023.

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