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flag UK businesses are increasingly worried about taxes and inflation, with most planning to raise prices.

flag The British Chambers of Commerce's survey reveals that UK businesses are facing significant challenges, with 59% worried about taxation and 53% concerned about inflation. flag Over half of firms plan to raise prices due to labor cost pressures, while business confidence is low, with fewer than half expecting increased turnover. flag The survey, based on 5,000 UK businesses, indicates that Chancellor Rachel Reeves may need to consider further tax rises or spending cuts due to potential retaliatory tariffs from the US, which could impact the UK's economic plans.

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