Clause 7
Finance Bill
2:00 pm
Emily Thornberry (Islington South and Finsbury, Labour)
Is the hon. Gentleman seriously saying that such highly motivated entrepreneurs will give up their work because they will need to pay a higher rate of CGT? Surely the entrepreneurs relief is simply to ensure that small business people are protected so that, when they retire, they will not pay a higher rate. The clue is in the clause title, which is “Entrepreneurs’ relief”, not “Serial entrepreneurs’ relief”, which would mean a completely different group of people. Is he saying that they will stop work?