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The survey by the Confederation of British Industry found that companies are anticipating reduced output and hiring, reflecting widespread concerns about a shaky economic outlook.
Chancellor's recent tax hikes on employer's national insurance are contributing to a negative economic outlook, with the Confederation of British Industry warning of a challenging environment ahead.
CBI's Alpesh Paleja emphasized the economy is facing the worst of all worlds, indicating growing fears among businesses regarding future economic stability and growth.
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