Healey’s startup adviser quits ahead of Budget over ‘sideshow’ treatment of entrepreneurs
The Treasury’s entrepreneurship adviser is stepping down after accusing ministers of treating Britain’s fastest-growing companies as a “sideshow” while directing taxpayer money towards traditional industries. Alex Depledge, appointed by former chancellor Rachel Reeves in June 2025, will leave the role on Thursday, a day after John Healey delivers his first Budget. “Keeping scale-ups on the [...]
Treasury entrepreneurship adviser Alex Depledge has resigned, alleging ministers view Britain's fastest-growing companies as a "sideshow" while funneling taxpayer funds towards traditional industries. Depledge, appointed by former chancellor Rachel Reeves in June 2025, will depart a day before John Healey's first Budget. She complained that the government underestimates the contribution of scale-ups and overlooks high-growth businesses in favor of established industries.
Depledge, a co-founder of Resi and Hassle.com, called for more support, development, and pension fund investment in British growth companies. She also urged Healey to protect Business Asset Disposal Relief and consider tax breaks for entrepreneurs reinvesting profits. A recent survey found 73% of scale-up founders are not confident the Budget will benefit their businesses.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
