Following last week’s UK Budget which included £40bn of tax rises, Joanna Jensen, entrepreneur and chair of the Enterprise Investment Scheme Association (EISA) talks through what the measures mean for the UK’s entrepreneurs
Since the double whammy of COVID and Brexit, startups and scale ups have been experiencing belt tightening; liquidity is scarce, the cost of goods has risen enormously and international export legislation is nothing short of a headache.
Many small firms are facing chronic staffing issues, from the long-term sick, a severe lack of workers in the hospitality and services industries, and many now reluctant to return to the office. A new government talking about growth was a much-needed boost – until the whispers started circling about their intention to remove every lever in the toolbox used to support business growth. The constant finger pointing at the previous Government feels like an intentional distraction from the fact that they are a collective of business virgins.