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What the mini-budget means for UK tech

mini-budget tech
Image credit: Number 10 via Flickr

Chancellor Kwasi Kwarteng has unveiled a raft of measures in today’s ‘mini-budget’ aimed at stimulating growth in the UK economy that have been broadly welcomed by the UK’s tech and investor community.

The mini-budget is the first major fiscal event for Prime Minister Liz Truss’s government and comes at a time when individuals and businesses are grappling with soaring energy costs, rising inflation and a looming recession.

A survey of UK SMEs, conducted by Funding Options and Censuswide, found that four out of five business owners are considering a return to employment due to the soaring costs of energy, supplier costs and the cost of living.

Truss has said her priority is to stimulate growth through tax cuts for individuals and businesses and deregulation....