Mini-budget U-turn: What it means for retailers and their logistics partners

 

New Chancellor Jeremy Hunt's almost wholesale dismantling of last month's mini-Budget may protect UK businesses from a markets meltdown, but the handbrake-turn will still cause pain for firms and their delivery partners, warned ParcelHero.

Former Chancellor Kwasi Kwarteng's growth plan announced last month prompted financial chaos, with the value of the pound plummeting as the markets reacted negatively to the increased borrowing that was required.

The planned abolition of the 45% tax rate was reversed after just 10 days and [...]

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