A group of young entrepreneurs has raised concerns about a proposed 2p increase in income tax, warning it could harm freelancers and start-up founders. The Young Entrepreneurs Forum claims this change, alongside a cut in national insurance, would discourage enterprise and drive young talent abroad. Sean Kohli, chair of the forum, said: “If Britain wants growth, it needs to back those with the will to build.” A recent poll revealed that 40% of small business owners are already making strategic changes in anticipation of the upcoming Budget, reflecting widespread anxiety over potential tax increases.
Young entrepreneurs warn of tax hike
30 responses to “Young entrepreneurs warn of tax hike”
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