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UK Tech Giants Urge Chancellor: Avoid Tax Hikes!

11/8/2025

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Summary

Story summary

Leading UK tech start-ups warn the Chancellor of the Exchequer Rachel Reeves that tax increases deter investment.
In a letter from companies valued over $100 billion, they urge against an exit tax and changes to capital gains and inheritance taxes.
Signatories include Revolut and Quantexa, urging a tax environment to foster growth.
Reeves, under pressure to address a fiscal gap, will deliver budget on November 26 as lobbying rises.

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Story summary

Leading UK tech start-ups warn the Chancellor of the Exchequer Rachel Reeves that tax increases deter investment.
In a letter from companies valued over $100 billion, they urge against an exit tax and changes to capital gains and inheritance taxes.
Signatories include Revolut and Quantexa, urging a tax environment to foster growth.
Reeves, under pressure to address a fiscal gap, will deliver budget on November 26 as lobbying rises.