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Business jitters ahead of chancellor Rachel Reeves's 'painful' budget

  • Chancellor Rachel Reeves aims to boost economic growth with Labour's first budget, focusing on investment and household incomes while acknowledging hard decisions needed for balanced finances.
  • Firms have reportedly paused hiring and investment decisions, seeking clarity on the government’s economic policies ahead of the budget.
  • Prime Minister Sir Keir Starmer indicated the upcoming budget would be "painful," raising concerns among owner-managed businesses, prompting some to consider exiting the market.
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