Craig Bunting, co-founder of Bear Coffee, expressed that the new budget measures could impose an additional £200,000 in costs annually, significantly affecting his £5.5 million turnover business.
Bunting stated his frustration over the government's actions, emphasizing that they shouldn't exploit entrepreneurs who are passionate about job creation and economic contributions.
Stuart Paver pointed out that imposing inheritance tax on family businesses undermines the government’s stated goals of promoting long-term investments and growth in the economy.
Paver warned that the proposed tax changes could lead to reduced resilience in family businesses, potentially stifling their growth and continuing contributions to the economy.
Collection
[
|
...
]