Small businesses, the backbone of the UK economy, are disappointed with the recent decision made by the new Chancellor of the Exchequer, Jeremy Hunt. Hunt’s reversal on tax-cutting measures aimed at boosting growth has left small business owners feeling disheartened. Just six days ago, he changed course on the planned reduction in corporation tax, which would have brought the rate down from 25 to 19 percent. Additionally, he also abandoned the proposed 1.25 percentage point decrease in dividend tax. This is particularly concerning for many small business owners who rely on dividends as part of their income. Overall, Hunt’s measures, intended to stabilize the nation’s finances, have been received as unwelcome news for small firms.