The Chancellor is expected to focus on fiscal responsibility ahead of significant economic stimulus in next week's Budget
, the group says: “We believe that Brexit Britain should be pro-enterprise and work to break down the power of monopolies and their domineering influence on public policy and the regulatory landscape. We believe that family-owned and family-run businesses must have a greater voice in public policy.”
The threshold at which individuals begin to pay income tax should be doubled from its current level of £12,570 to £25,140, according to the IBN, which would equate to a tax cut worth thousands of pounds for most taxpayers and mean millions would no longer pay anything.A number of policy ideas are also designed to encourage entrepreneurship, by lowering the risks faced by people who seek to start their own business.
It concludes: “Our country is experiencing severe challenges at present. From inflation, soaring taxes, supply chain issues and low growth. Government will not drive the growth we need, only business can do that.”
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