Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential effect of making it his policy to (a) reduce and (b) abolish Entrepreneurs' Relief on (i) incentives for entrepreneurs to start and build up new businesses for ultimate profitable sale, (ii) decisions being taken by entrepreneurs to locate new businesses in the UK in preference to other countries and (iii) financial outcomes for retiring entrepreneurs.

The Government’s manifesto set out its intention to review and reform Entrepreneurs’ Relief. Any changes to the tax system, including any reform of Entrepreneurs’ Relief, will be set out in the Budget on 11 March.