Latest news: Advocacy
More Than 160,000 Family Businesses Call on Government to Consult on Inheritance Tax Change.
December 16, 2024
More Than 160,000 Family Businesses Call on Government to Consult on Inheritance Tax Change. Embargo: 00:00 Monday 16 December 2024 Thirty two Trade Associations, representing more than 160,000 UK family-owned businesses and farms, have written to the Chancellor calling for a full and formal consultation on changes to Inheritance Tax announced in the Budget. In […]
FBUK Publishes Economic & Fiscal impact of changes to BPR
December 2, 2024
125,700 Jobs and £9.4billion GVA Threatened by Inheritance Tax Change for Family Businesses. Analysis Indicates £1.3billion Net Fiscal Loss to Government Family Businesses Call on Government to Consult on the Changes FBUK Publishes Economic & Fiscal impact of changes to BPR Changes to the rules on Inheritance Tax for family-owned businesses could lead to a […]
There is no growth agenda for Yorkshire without family businesses.
November 14, 2024
There is no growth agenda for Yorkshire without family businesses. Thomas Martin, Chair Arco Ltd and the Yorkshire Regional Business Engagement Board Right across Yorkshire, home-grown family businesses are wondering – what just happened? In 76 minutes, the Chancellor delivered a Budget that undermines hundreds of years of family business ownership in our region. Yorkshire […]
Budget Comment – Inheritance Tax Changes – Family Businesses
October 30, 2024
Budget Comment – Inheritance Tax Changes – Family Businesses Immediate Release. Neil Davy, Chief Executive Officer of Family Business UK said: “These changes are a betrayal of Britain’s hard working family business owners and farmers that will result in valuable businesses being closed, sold and jobs lost across the country. “For all but the very […]
Removing BPR could cost Billions
October 28, 2024
Removing BPR could cost Billions New research commissioned by Family Business UK shows that £29billion and 391,000 jobs could be lost from the economy if policies that support family businesses are removed. The findings come from CBI Economics, which was commissioned by FBUK to model the impact of removing Business Property Relief and Gift Holdover […]
Westminister debates family businesses and BPR
October 18, 2024
Westminister debates family businesses and BPR Family businesses have taken centre stage in Parliament ahead of the Budget, with MPs debating Business Property Relief (BPR) and its essential role supporting family-owned firms across the country. A Westminster Hall debate led by Harriet Cross, Conservative MP for Gordon and Buchan heard from MPs about how BPR […]
Confidence slips as businesses brace for “significant” tax rises
September 26, 2024
Confidence slips as businesses brace for “significant” tax rises Family-owned businesses fear changes could threaten their business More than half (52%) of family businesses rate government’s policies unfavourable Majority (80%) of family businesses say Labour wasn’t honest about tax plans London: Eighty five per cent of business leaders say they expect the Government to increase […]
FBUK Autumn Budget Submission – Retain BPR
September 13, 2024
FBUK Autumn Budget Submission – Retain BPR Family Business UK (FBUK) has called on the Labour Government to commit to retain Business Property Relief in full and bring Gift Holdover Relief eligibility into alignment with BPR. In a submission to Government, ahead of the Budget on 30th October, FBUK has repeated calls from our Manifesto […]