Britain must accept tough times or face ruin, Rachel Reeves warns
A THIRD of British businesses are working on "exit plans" ahead of the October Budget's rumoured tax shakeup, a survey of executives have found.A third of British businesses are working on 'exit plans' thanks to tax fears, a new survey has foundwill rise to the dispatch box on October 30, seeking to fill what ministers have called a £22 billion "black hole" in the books.
There is also an allowance of £3,000 on anything that is not a personal belonging and £1,500 for trusts.However, if you pay the higher rate of income tax, this jumps to 20% and 24% respectively. Senior Labour figures have long pushed for equalisation, arguing that capital gains are just like any other form of income and should be taxed accordingly.suggests that almost a third of entrepreneurs in the UK are now working on "exit plans" - up 6% from 18 months ago.
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