Business and Finance Business and Finance
Mon, December 2, 2024
[ 07:30 AM ] - Bill Williamson
Finance in the Age of AI: BFSI CFOs explore opera .. xcellence, enhanced security and future readiness
[ 07:30 AM ] - Bill Williamson
Lord's Mark Industries Ltd. Strengthens Financial .. t of Sanjeev S Gupta & Associates as Peer Auditor
[ 07:01 AM ] - Bill Williamson
Maxed out? Try these five Stealth Elf moves to take control of your credit card debt
[ 07:00 AM ] - Bill Williamson
Kazakh & Chinese Officials, Business Leaders Intend to Enhance Interregional Cooperation
[ 07:00 AM ] - Bill Williamson
FTSE 100 LIVE: Stocks lower as UK house prices grow at fastest annual pace for two years
[ 06:31 AM ] - Bill Williamson
FinBox launches Industry's first Account Aggregation based data platform
[ 06:31 AM ] - Bill Williamson
Active fund managers hiked exposure to these sub-sectors. Are you invested in any of these?
[ 06:31 AM ] - Bill Williamson
Brian Anderson, driver of Akron polymer cluster, takes a break
[ 06:30 AM ] - Bill Williamson
Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom
[ 06:01 AM ] - Bill Williamson
How to get a PAN card digitally on your email? A step-by-step guide
[ 06:01 AM ] - Bill Williamson
SBI to Open 500 New Branches in FY25 | Latest News
[ 06:01 AM ] - Bill Williamson
Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company
[ 06:01 AM ] - Bill Williamson
'Cost of health, life insurance...': Nirmala Sitharaman shares crucial update on GST in Parliament
[ 06:00 AM ] - Bill Williamson
Stupid Good BBQ opens in Springfield this week (why it's called that)
[ 06:00 AM ] - Bill Williamson
Major update on 'new' currency for South Africa, China and India
[ 05:30 AM ] - Bill Williamson
PM explores airport management partnership with Egyptian-French consortium
[ 05:30 AM ] - Bill Williamson
Aberdeen and Watertown Monuments' company headquarters in Minnesota expands
[ 05:01 AM ] - Bill Williamson
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
[ 05:00 AM ] - Bill Williamson
India's GDP misses expectations, but experts see limited market fallout
[ 05:00 AM ] - Bill Williamson
Best Unsecured Personal Loans of 2024: Reviews, Fees, & Comparisons
[ 04:31 AM ] - Bill Williamson
The best business credit cards of December 2024
[ 04:31 AM ] - Bill Williamson
Kenya Pays Over KSh 965.9m in Stipends, Arrears to More than 3,000 Medical Interns
[ 04:30 AM ] - Bill Williamson
BRICS, De-Dollarization, and the US Trade War: What's at Stake?
[ 04:30 AM ] - Bill Williamson
Kuwait's Investment Landscape and Financial Resilience Explored at Exclusive Event
[ 04:00 AM ] - Bill Williamson
SG Enable, Zero Project host first Apac symposium on inclusive hiring and workplaces
[ 03:00 AM ] - Bill Williamson
Digital Agriculture Mission: Centre asks states to make farmer IDs faster
[ 03:00 AM ] - Bill Williamson
Traders' Diary: Lemon Tree, DMart, Cochin Shipyar .. over a dozen scrips on analysts' watchlists today
[ 02:30 AM ] - Bill Williamson
Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly
[ 02:01 AM ] - Bill Williamson
Gold loans from banks surge, other personal loans see moderate rise
[ 02:01 AM ] - Bill Williamson
Budget could wipe out 125,000 jobs in family businesses

Budget could wipe out 125,000 jobs in family businesses


Published on 2024-12-02 02:01:31 - Bill Williamson, WOPRAI
  Print publication without navigation

  • The government's move to limit inheritance tax relief for family-owned businesses could cost Britain roughly 125,000 jobs and significantly reduce economic activity, new research has found. The change unveiled in Labour's first Budget could reduce the value of goods and services produced across the UK economy by
  • 9.

The article from MSN discusses the potential impact of the UK government's budget on family businesses, particularly highlighting that up to 125,000 jobs could be at risk due to new tax policies. The budget includes changes like the reduction of the dividend allowance from £1,000 to £500 starting in April, and a further reduction to £250 in 2024, alongside a decrease in the capital gains tax allowance from £6,000 to £3,000. These changes are expected to increase the financial burden on family-run enterprises, many of which rely on dividends and capital gains for income. The Federation of Small Businesses (FSB) has expressed concerns that these tax hikes could lead to reduced investment, lower growth, and ultimately, job losses in the sector. The article also notes that family businesses are crucial to the UK economy, contributing significantly to employment and economic stability, making the potential job losses a significant concern.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/budget-could-wipe-out-125-000-jobs-in-family-businesses/ar-AA1v69FI ]
Contributing Sources