Lowering business taxes is top priority for entrepreneurs

85 per cent of British entrepreneurs consider lowering business taxes their number one priority, according to a new Parliamentary study.

The news comes following the results of a survey conducted by the Secretariat of the All Party Parliamentary Group (APPG) for Entrepreneurship – a group launched by Business Secretary Sajid Javid in a bid to give business owners a voice in the Houses of Parliament.

The APPG’s survey revealed that 85 per cent of entrepreneurs in the UK see lowering business taxes as their top priority.

Lowering personal taxes came in second, supported by 79 per cent of entrepreneurs surveyed.

Mr Javid hopes that his new Entrepreneurship APPG will “make Britain the best place to start and grow a business”.

In its first year, the group will focus on improving enterprise education in schools, examining set-backs to exporting goods, investigating tax reforms and supporting more female-led businesses.

Chair of the APPG for Entrepreneurship, MP Alan Mak, said: “The new Entrepreneurship APPG will be a key bridge between Westminster policymakers and entrepreneurs across Britain.

“Economic growth driven by innovation, exports and educational excellence is at the top of the Government’s agenda, and I’m delighted Business Secretary Sajid Javid is reaffirming his commitment to entrepreneurship by launching our APPG.”