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UK Hits Pause on Truss’s Plan to Scrap Business Help Scheme

  • Program to support businesses was launched by Sunak last year
  • All new policy decisions put on ice following Truss departure
Small businesses in Whitstable, UK.

Small businesses in Whitstable, UK.

Photographer: Chris Ratcliffe/Bloomberg

The UK put on hold Liz Truss’s plan to cancel a government program to help small businesses, according to two people familiar with the matter, with decisions on new policy coming to a halt after the prime minister announced her resignation.

The “Help to Grow” program, launched by ex-Chancellor of the Exchequer Rishi Sunak last year, gives 30,000 small- and medium-sized firms access to management training and software. Truss’s government had planned to scrap the program, but the Treasury has now told departments to put any policies without final sign-off on ice until a new prime minister is chosen, the people said.