Financial Times: A wilting relationship

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An AI generated man sits and reads the Financial Times in a coffee shop. Source: OpenAI/ChatGPC

John Willman, Business Editor of the Financial Times approached me for comment on the relationship between British business and Gordon Brown’s Labour government.

Last week, the outcry from business forced the government to announce an “entrepreneurs’ relief” that keeps capital gains tax unchanged for the first £1m ($2m, €1.3m) of lifetime gains. But the inept way in which the original proposal was announced and the delay in offering a concession is still seen by most as inadequate and has undermined Mr Brown’s claim to be pro-enterprise.

John Willman, Business Editor of the Financial Times contacted me for my views on this quickly deteriorating relationship. You can read them by clicking here (pay wall).