Entrepreneurs will flee Britain if CGT rises


Ocado CEO Tim Steiner has warned the Chancellor that hiking capital gains tax will lead to entrepreneurs selling their businesses or fleeing the country. “If you start a business and there’s a 20% capital gains tax regime, if capital gains tax moves to 45%, you’ve got to make an extra 45% increase in the value before you’re going to end up with the same amount of money,” he said at an event organised by the Centre for Policy Studies, a centre-right thinktank. He continued: “We need to encourage people to come to the UK, we need to encourage people to stay in the UK and we need to encourage people to grow big businesses in the UK.”


Read more: The Times

www.sardison.co.uk


Log into your account here, or click here to sign up!


Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.



Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2021 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

© Copyright 2021 by Sardison Capital.

Website Designed by AVETON Design