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Story perspectives

Labour Urged to Revamp Business Support in Budget

11/26/2025

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Story summary
  • Labour backers warn that Rachel Reeves (Labour) must address a crisis in the UK's fastest-growing businesses in her upcoming Budget.
  • An open letter from Labour MPs, pressure groups, and business leaders highlights the 'valley of death' facing UK entrepreneurs.
  • Led by Labour MP Sarah Edwards, the letter calls for replacing the Enterprise Investment Scheme with a £650 million regime to retain UK businesses.