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Story summary
- Jo Bamford warned he could relocate JCB to America amid a 20% tax on assets above £2.5 million, effective April 2026.
- He said he loves Britain but needs a favorable business environment to stay.
- The changes cap relief at the first £2.5 million of a business's assets, prompting asset-sale concerns.
- Sir Rocco Forte says the changes fuel a wealth exodus, while the Treasury argues they protect small businesses.
