{
  "id": 18292179,
  "title": "The UK needs its entrepreneurs more than anything else",
  "url": "https://urgent.news/2026/11/05/the-uk-needs-its-entrepreneurs-more-than-anything-else",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-05T11:00:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/11/05/the-uk-needs-its-entrereneurs/"
  },
  "original_language": "en",
  "account": "On a rainy day in London, a group of entrepreneurs gathered outside the Houses of Parliament, eagerly awaiting the 8am opening of the parliamentary entrance. They waited in line, not only for the impressive continental breakfast but also to hear the AI minister and his shadow counterpart discuss the country's future and network with fellow entrepreneurs. The Entrepreneurs Network organized this event, launching a report titled \"Starting Out and Starting Up: Making self-employment a route into work for young people.\" Among the attendees was the reporter, who was interested in what young entrepreneurs thought about the upcoming budget and support for their startup efforts.\n\nThe atmosphere at the event was positive and vibrant, far from the typical tech bro environment. Over pastries and berries, the entrepreneurs expressed optimism about the budget and suggested that it might support their business endeavors. However, a recent poll conducted by Public First for The Entrepreneurs Network showed that more than 75% of UK founders expected their taxes, either personally or on their businesses, to increase. Nearly 90% of the founders had a negative view of the level of taxation in the UK, and the same number disagreed that the government understood the needs of entrepreneurs. Almost 80% believed that life as an entrepreneur had become harder since starting their business.\n\nThe poll also revealed concerns about rising employer National Insurance contributions and the potential increase in Capital Gains Tax and dividend tax. Alarmingly, 23% of the founders expected to leave the UK within the next 12 months. Philip Salter, founder of The Entrepreneurs Network, emphasized the dire situation: founders were expected to pay more, and nearly 90% of them took a dim view of the level of tax. Almost a quarter of the respondents even anticipated leaving the UK within a year. This news should concern anyone aiming for the UK to grow, as the message from entrepreneurs was clear: cut the cost and complexity of employing people, and don't hike taxes.",
  "summary": "It's a cold and wet London day and the queue of entrepreneurs snakes outside the Cholmondeley back entrance to the Houses of Parliament.The Thames flows adjacently, turbulent as the weather, as the cr...",
  "key_points": [
    "Over 75% of UK founders expect tax increases.",
    "90% of founders view current taxation negatively.",
    "23% of founders plan to leave UK within a year."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}