Labour MP warns Budget could force founders out of UK

cityam11-26

A Labour backbencher has joined industry leaders and a left-leaning pressure group in warning that the Budget could kill the UK’s aspirations of building a competitor to Silicon Valley and force more ...

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href=https://www.cityam.com/labour-mp-warns-budget-could-force-founders-out-of-uk/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A Labour backbencher has joined industry leaders and a left-leaning pressure group in warning that the Budget could kill the UK’s aspirations of building a competitor to Silicon Valley and force more ...</p>\n\n<a href=\"https://www.cityam.com/labour-mp-warns-budget-could-force-founders-out-of-uk/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EIS","symbol_name":"iShares MSCI Israel 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committee, said fixing the “valley of death”, which sees entrepreneurs hit a point where they struggle to raise sufficient funding to scale-up, should be a key growth priority at the Budget.The letter, signed and organised by Good Growth Foundation director Praful Nargund, said the government should address the “inadequate” incentives in the UK economy.It also said there was a “structural failure” with the investment climate in the country.Other signatories to the letter, first reported by The Telegraph, included Joe Jervis, the head of the think tank Labour Renaissance, and SME4Labour leaders..It adds to calls for the current Enterprise Inve","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EIS":"iShares MSCI Israel ETF"},"translate_title":"工党议员警告预算可能迫使创始人离开英国","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EIS":1},"content_text":"A Labour backbencher has joined industry leaders and a left-leaning pressure group in warning that the Budget could kill the UK’s aspirations of building a competitor to Silicon Valley and force more firms to look for investment outside of the country. In an open letter to Rachel Reeves, Sarah Edwards, a Labour MP who sits on the business and trade committee, said fixing the “valley of death”, which sees entrepreneurs hit a point where they struggle to raise sufficient funding to scale-up, should be a key growth priority at the Budget. The letter, signed and organised by Good Growth Foundation director Praful Nargund, said the government should address the “inadequate” incentives in the UK economy. It also said there was a “structural failure” with the investment climate in the country. \n\n“This market failure inadvertently contributes to regional inequality, failing to translate local research excellence into good jobs and local prosperity.”\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key 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