Leonard Schlesinger, a HarvardacademicandformerchiefexecutiveofAuBong Pain, a rapidly growing chain of bakerycafes, says that much "re-engineering" hasbeencrude.
Shares in bakery firm Greggs rose 8% on the news but Labour's shadow chief secretary to the Treasury, Rachel Reeves, described the policy reversal as "a total and utter shambles".