Tax changes trigger wave of early business exits among UK entrepreneurs, survey finds

Tax Changes Prompt More UK Entrepreneurs To Sell Their Business

More UK entrepreneurs are considering selling their business following tax changes, according to a recent survey of 4,000 UK adults commissioned by Brown Shipley, the UK wealth manager and subsidiary of Quintet Private Bank. Almost two fifths of UK entrepreneurs (38%) say they plan to explore selling their business earlier than planned due to tax changes announced in the October 2024 Budget, according to the latest research. Meanwhile, just over…

Tax changes trigger wave of early business exits among UK entrepreneurs, survey finds

More British entrepreneurs are eyeing early exits from their businesses in response to tax policy shifts and economic uncertainty, according to new research commissioned by Brown Shipley, the UK wealth manager and subsidiary of Quintet Private Bank. The nationwide survey of 4,000 adults found that 38 per cent of UK entrepreneurs are planning to explore selling their business earlier than anticipated, prompted by tax changes unveiled in the Octob…