Is Labour wants risk-takers, why is it cutting incentives?

Labour claims it wants Britain to be the best place in the world to run a business, but its actions hardly match the ambition, writes Susannah Streeter in today s Notebook Does Labour actually want entrepreneurs? The Budget is behind us but the arguments about how Britain treats its entrepreneurs are far from over. The government claims it wants Britain to be the best place in the world to start, grow and run a business, but its actions hardly match the ambition. There were some positives – there was no general increase in capital gains tax, no new exit tax for entrepreneurs, and there was a commitment to increase investment in women-led businesses. The proposed Founders’ Relief is welcome in principle, as it offers a 10 per cent capital gains tax rate on up to £10m of qualifying lifetime gains. But the strings attached risk making the incentives difficult to unravel. Meanwhile, the lifetime limit for Business Asset Disposal Relief is being halved, leaving business owners w