View more on these topics

Flight latest to criticise Gov’s tax plans

IFA champion and former Conservative Shadow Treasury chief secretary Howard Flight has hit out at the Government claiming overspending and increased taxation has resulted in lower productivity and is driving budding entrepreneurs out of the UK.

Speaking at the Enterprise Investment Scheme Association awards last night Flight, who is chairman, said Britain needed to nurture its entrepreneurs because they kept the economy afloat.

He said: “Large, publicly quoted companies are constrained by the growing volume of regulation and corporate governance requirements. Not surprisingly it has been the private equity sector to which much of the entrepreneurial talent in the UK has migrated. More than half the jobs in the private sector are now provided by small and medium size businesses, and enterprise investment schemes have served to attract some £12bn of funding to thousands of new businesses.”

Alchemy Partners managing partner and founder Jon Moulton criticised the Government’s plans to introduce an 18 per cent flat rate capital gains tax and remove tax relief during his key note speech.

He said: “At a time when the economy is heavily reliant on business entrepreneurs to take risk the Government has massively disincentivised investors with ill thought through changes to capital gains tax.”

Recommended

Examples of TCF shortfalls will be published

The FSA will increase its treating customers fairly push this year, focusing on monitoring industry progress and publishing examples of firms’ TCF shortfalls.Firms should undertake significant work to ensure they build on the progress made so far and pay particular attention to TCF when market conditions are more challenging.The regulator has highlighted several examples of […]

Uinsure ahead of targets with 800 agents

Web-based general insurance panel Uinsure has signed its 800th firm to use its services for buildings and contents and mortgage payment protection insurance. Ashton Mortgage & Financial Solutions was the 800th firm to sign up. With 1,000 firms expected by the end of the first year, Uinsure chief executive Simon Taylor says they are now […]

Dancing bear

Purchasing and supply managers are responsible for ensuring the businesses in which they work are adequately tooled up for expected conditions. When they start to rein back in anticipation of tougher conditions ahead, then it is not unreasonable to expect economic contraction. The non-manufacturing ISM Index result suggested the US economy had hit the buffers.

Flight’s new firm debuts with recovery fund

IFA champion and former Conservative Shadow Treasury chief secretary Howard Flight has set up a new investment company.Launched this week, Flight & Partners has been founded by Flight alongside investment banker Mark Warde-Norbury and former Ernst & Young Entrepreneurial Services marketing director Permjot Valia. Flight will chair the firm.Its first fund, the Flight & Partners […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment