Chancellor Jeremy Hunt is looking for ways to fill a black hole of £50bn in the public finances. Small businesses and entrepreneurs are the most likely target. They are relatively lightly taxed in the UK, both compared with employees and other countries. But a pro-enterprise tax and regulatory regime has also created a start-up culture that is. unequalled across Europe. If we have to raise taxes to fund healthcare and public services, we should just be honest about it and raise income tax and VAT instead. It will kill off one of the few remaining sectors showing any signs of life. The number of companies has dropped by close to half a million since the pandemic pandemic of pandemic. We should be thinking about how to encourage those . . .
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