"While the tax currently affects just 3% of the population, the Chancellor should be more concerned about whether such changes could undermine the U.K.'s status as a global tech hub that attracts some of the world's best entrepreneurs."
"Businesses collectively generating £2.6 billion in revenues are considering fleeing the country. 90% of surveyed founders said they'd establish new companies abroad if capital gains taxes are hiked beyond the 20% threshold."
"These changes will take effect against a backdrop of sluggish growth, slowing investments, and a dire productivity crisis in the U.K., emphasizing the challenging environment for entrepreneurs."
"Founders currently enjoy a lower tax rate of 10% on profits from selling their companies; any increase could significantly impact decision-making and investment in the U.K."
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