Britain is the worst place in Europe to get rich |
Success has become a liability in Britain, and uncertainty the defining feature of our economic landscape – it is little wonder that our most dynamic founders, investors and wealth creators are looking for a change of scenery, says Stephen Kenny
In the Autumn Budget, the Chancellor said twice that she had made the tax system fairer and stronger for the future. Launching a call for evidence on how our tax system can better back entrepreneurs and, rather poetically, painting a picture of spades in the ground and cranes in the sky, she spoke of kindling the entrepreneurial spark needed to “make Britain the best place in the world to start up, to scale up, and to stay.”
In reality, however, the Budget lacked even a flicker of that promised spark. Weeks, even months, of speculation culminated in an extremely dull Budget where the most exciting event was the OBR publishing most of the content before the Chancellor had even started her speech. Whilst the tweaks to Enterprise Management Incentives (EMIs) and the Enterprise Investment Scheme (EIS) offer a glimmer of hope to businesses, they do little to counter the damage caused........