View more on these topics

National Dragons’ Den to boost enterprise says Tory review

An independent review commissioned by the Tory party into the UK’s enterprise environment has proposed that a national system similar to the TV show Dragons’ Den should be introduced to boost entrepreneurialism in the UK.

It proposes improving financing for growing businesses by making it easier for people or businesses to invest as syndicates. It also recommends setting up a virtual marketplace for unlisted investment opportunities.

The review, undertaken by the European School of Management, proposes a simpler tax system with lower corporation rates, more incentives for reinvestment into new business, mentoring schemes for young entrepreneurs and more focus on business skills in schools.

According to the review’s findings new companies are increasingly struggling to grow in size. The percentage of businesses that achieve an annual turnover above £1m five years after creation has decreased from 48 per cent in 1997 to 16 per cent in 2006. New business owners say tax and regulation are the two biggest burdens preventing the growth of their businesses.

Shadow Chancellor George Osborne said today that he commissioned the review to find out why entrepreneurs were struggling to create jobs and build businesses and determine how these problems could be fixed.

He says: “What it has exposed is the damage done by Labour’s economic incompetence that leaves us less well prepared for the big economic challenges. These recommendations provide a blueprint for making Britain the enterprise capital of the world with simpler taxes, lower tax rates, less regulation and a generation of young people with the skills they need to start their own business.”


Manifesto brings IFAs in from cold

Aifa’s manifesto for advice is a remarkably astute, agenda setting document. It sets out rights and responsibilities for advisers and has scored a remarkable success in securing the endorsement of the minister for pensions reform Mike O’Brien.

Black and White withdraws from regulated mortgage market

The Black and White Group has confirmed it is withdrawing from the regulated mortgage and insurance market.It says it has voluntarily recinded its Part IV permissions which allowed it to operate in the mortgage and insurance markets. The broker says it will now focus on its unregulated distribution strategies such as lead generation, secured loans, […]

Munich Re appoints Philip Wright as head of UK healthcare

Munich Re has appointed Philip Wright as head of health for the company’s UK healthcare business. Wright, who has worked in the healthcare industry for 25 years previously holding senior and board level roles at Standard Life Healthcare, will be responsibile for the strategic development and management of the UK healthcare portfolio. Munich Re International […]


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm