A new Policy Agenda for family businesses
Our new Policy Agenda: Building Britain for Generations sets out clear, practical recommendations to create a fairer, more competitive environment for family businesses. Developed over the last six months, in partnership with FBUK Members, and launched at our inaugural Policy Summit hosted by NatWest, it is designed to inspire fresh conversations with policymakers urging them to adopt a FAMILY-first approach. The timing of the Policy Agenda is deliberate. Published on the eve of the most significant change to the taxation of family businesses in a generation changes to BPR/APR). The UK needs a tax system that works for, not against, family businesses. That is why
we will continue to press for the full reinstatement of Inheritance Tax reliefs, with no thresholds. A key focus of the Policy Agenda, and our campaign moving forward, is how the Government must do more to support mid-sized family businesses, including those rapidly scaling, with the potential to deliver significant growth. Today, these businesses are largely ignored by a system that focuses on small or large. That must change. The “missing middle” is critical, as Tim Wates argues opposite. I would urge everyone to read and download the Policy Agenda – details of how to do so are in the following pages – and use it to start your own conversations with your local representatives.
Matthew Jaffa, Director of Policy and Public Affairs
FBUK Issue 7 20
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