The UK government is set to announce its budget on October 30, with concerns over tax plans sparking fears of a tech exodus. British technology bosses and investors warn that entrepreneurs may leave the country if capital gains tax is raised. The proposed hike could see the rate jump to 39%. Entrepreneurs have urged Finance Minister Rachel Reeves to resist calls to increase the tax or restrict business asset disposal relief.

Source: https://www.wionews.com/business-economy/britain-faces-warnings-of-a-tech-exodus-over-tax-plans-ahead-of-high-stakes-budget-769608