Business leaders warn Rachel Reeves that raising capital gains tax would stifle UK investment

BGF-backed businesses warn that bending to pressures of increasing capital gains tax (CGT) could threaten investment levels and economic growth across the UK.

CEOs from BGF funded firms overwhelmingly agreed that raising capital gains tax demonstrates a lack of support for entrepreneurs, harming their ability to innovate and expand.

Many of these businesses, reliant on share options for employee compensation, stress that hikes in CGT could demotivate staff and lead to higher turnover.

From a larger perspective, businesses voiced concerns over a misalignment in employer-employee rights, indicating the need for a balanced approach in labor policies.

Read at Business Matters