The mot-du-jour for entrepreneurs is CGT. Although CGT is expected to rise, concessions for entrepreneurs (“generous exceptions”) are likely to remain in place in some form or another, perhaps with a return to the pre-2008 taper relief system. Of course, the devil is in the detail, so we’ll be sure to keep our eyes open for you.
Daily Telegraph – Winners and losers under coalition tax
Financial Times – Lex: UK capital gains tax
This Is Money – IHT and income tax trade-off in coalition
Financial Times – Change likely to spur flood of asset sales
Gloomy jobs figures released yesterday show that Ian Duncan Smith, the new government’s work and pensions secretary has his work cut out. Unemployment rose by 53,000 to 2.51m in the three months to March, the highest level for more than 15 years.
Financial Times – Jobs recovery still fragile, ‘dire’ data show
Last night marked the start of Junior Apprentice, Lord Sugar’s new TV show. Despite the controversy surrounding the show – it was originally meant to air in January but got held back because of the election – it’s likely to prove a success. Yes, it’s largely the same as normal Apprentice, just with smaller contestants (who are competing to win £25,000, which will be placed in a trust fund); but their determination to win is just as strong as their adult counterparts.
Daily Telegraph – Junior Apprentice: ‘an education like no other’
The Sun – Fired lad: I can beat Lord Sugar
Daily Mirror – Junior Apprentice: Fired Jordan De Courcy hits out at rivals
The Daily Telegraph profiles online collaboration company Huddle.net, set up by entrepreneurs Alastair Mitchell and Andy McLoughlin. Fast-growing Huddle is trying to crack the US market, and the two young entrepreneurs are being coached by Bebo founder Michael Birch and Reid Hoffman from LinkedIn on how to achieve success in San Fran.
Daily Telegraph – Huddle’s debut in San Francisco helped by Bebo founder
According to the Beeb, a “new generation of online funding platforms” are helping young entrepreneurs and startups to get their ideas off the ground. Examples include Kickstarter and FeedTheMuse.net – both aimed at entrepreneurs in the creative industries – and Grow VC (“the world’s first global crowdfunding tool for web and mobile startups”). Get involved!
BBC News – Cash-strapped entrepreneurs get creative
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