Autumn Budget: Will Labour's tax hikes scare off tech firms?

The UK’s fast growing tech industry is sounding the alarm ahead of the November budget, warning that future tax increases could drive investors out of the country Brent Hoberman - co-founder of lastminute.com and one of the UK’s leading tech heavyweights, says VC firms are now actively considering relocation to Europe. He’s concerned by talk of wealth tax and potential policy shifts to align capital gains tax with income tax. Hoberman described these measures as alienating, warning that efforts to target the rich could ultimately backfire. #tech #politics #tax #budget #labour #rachelreeves #peterkyle #bigtech