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They warn that the cost increases will cause: Small business closures within a year. Businesses to reconsider investment plans. Jobs to be drastically cut. Hours for team members to be reduced.

ENTREPRENEUR Ryan Howsam, who grew up in a council house and now runs a business with a value heading towards £1billion, has slammed Labour's Budget as an 'absolute disaster' for small firms.

LONDON, Nov 6 (Reuters) - Britain's Marks & Spencer faces 120 million pounds of extra costs next year as a result of the government's budget on ... elsewhere in the business rather than pass ...