disposals<\/a> of businesses or farms up to the value of 750,000 euros.<\/p>\nFSB National Chairman Mike Cherry said: \u201cScrapping entrepreneurs\u2019 relief would destroy the retirements of thousands of business owners. The Conservative manifesto committed this Government to reviewing and reforming this incentive, not scrapping it entirely. The Conservatives should keep their promises \u2013 it\u2019s a question of trust.<\/p>\n
\u201cThe solution is obvious: keep the relief for the first \u00a31 million of a business sale and scale it back at the top end. Doing so would save the Treasury more than \u00a31 billion and maintain a vital incentive which encourages entrepreneurs to start-up, hire and invest.<\/p>\n
\u201cA lot of entrepreneurs see their business as their retirement plan. They don\u2019t have the gold plated pensions enjoyed by Treasury civil servants.<\/p>\n
\u201cSmall business confidence has suffered an unprecedented 18-month slump. Scrapping entrepreneurs\u2019 relief will make a bad situation worse.<\/p>\n
\u201cFundamentally we want to make the UK a more, not less, attractive place to start-up a business. If this incentive goes, we risk losing entrepreneurs to other climes.\u201d<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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