Over several decades, business relief has crowded in the capital to build thousands of enterprises, across industries and based in every part of the UK. The benefits have been widespread, generating tax receipts as well as creating jobs.
Business relief is one of the most vital and cost-effective tax incentives offered by the UK government. Without it, young companies that could go public would remain private, be forced to look abroad for investment, or simply founder.
Without it, billions of pounds of capital would likely be invested unproductively.
We need to retain business relief in its present form so today’s growth companies trading on the AIM and Aquis markets have the best chance of becoming the UK’s blue-chip stocks of tomorrow.
