Small Businesses Fleeing UK in Droves Due to Labour’s Taxes and Workers’ Rights Reforms – Guido Fawkes

Small Businesses Fleeing UK in Droves Due to Labour’s Taxes and Workers’ Rights Reforms

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Almost 40% of SME owners have either fled the UK or are considering leaving, according to a Handelsbanken Wealth & Asset Management survey of 200 business owners. Firms are pointing the finger at Reeves’ ‘jobs tax’ and Rayner’s ‘Union’ Employment Rights Bill – clobbering them with taxes and rising costs, forcing them to pack their bags. Taking their capital and jobs with them…

Spain tops the list as the preferred haven for escaping Labour’s Britain, followed by the US and then France. Just one in ten business owners say they’re planning to hire. That’s after a third of firms warned of job cuts as Rayner’s workers’ rights reforms saddle businesses with extra compliance costs and red tape. Starmer might claim SMEs will “re-arm the nation,” but his policies are arming economies abroad instead…