Welcome from FBUK CEO
Neil Davy CEO, Family Business UK
with Alembic Strategy, to both prepare and protect the next generation of family business leaders. And of course, don’t forget we have an increasing number of events across the UK for you to attend, a range of FBUK Communities for you to be part of, and Family Business Week just around the corner in November, which we hope you’ll get behind and take part in. Enjoy this edition of our magazine – which from this month goes quarterly – and we look forward to seeing you soon.
Worryingly, our colleagues in Europe are concerned that Member States may be about to follow the lead of the UK. Yet, Sweden, with its high tax, socially democratic system that boasts one of the best economic and welfare systems in the world, has achieved this whilst abolishing inheritance tax completely. There are lessons here for UK policymakers and you can read more from our European colleagues in this edition of our magazine. “It’s important we learn from friends and colleagues in Europe and those closer to home.” Equally important is investing in the skills of future leaders. The next generation will be the ones protecting the legacy you’re building today. FBUK is proud to play a role in supporting that development and we’re delighted to announce the launch of a new FBUK Future Leaders Programme, delivered in partnership
The last 12 months have been something of a roller coaster for us and all family businesses. Despite this, I hope that you’ve had time to relax and refresh over the summer. While the past year has been full of challenge it has also presented opportunities for us all to broaden our horizons, to think creatively and understand from whom, what and where we can learn lessons that will make us stronger for the future. On BPR, which has been central to our work over the last 12 months, our campaign continues. As we enter the autumn, we’re preparing to challenge the legislation that will enact the changes to BPR and APR. Despite the Government publishing the draft Finance Bill just before the summer break, it has yet to publish an impact assessment on the changes to BPR. Our research, and our Taxing Futures report remains the only credible assessment of the damage this single policy change will do to family businesses and the wider UK economy.
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