While business groups generally welcomed the Chancellor’s Autumn Statement, the TUC warned that more public sector cuts threaten further economic decline or — in the words of TUC General Secretary Frances O’Grady — “Groundhog Day all over again”.

Business rates

The Director-General of the Confederation of British Industry (CBI), John Cridland, described the changes to business rates and stamp duty as "a shot in the arm for families and growing firms".

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