Tax raids trigger worst start to year on record for businesses

cityam

Apr 25

Businesses have had the worst start to the year on record Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record.Fewer businesses were...

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have had the worst start to the year on record  Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record.Fewer businesses were...</p>\n\n<a href=\"https://www.cityam.com/tax-raids-trigger-worst-start-to-year-on-record-for-businesses/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tax raids trigger worst start to year on record for businesses</title>\n<style 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record.Fewer businesses were...</p>\n\n<a href=\"https://www.cityam.com/tax-raids-trigger-worst-start-to-year-on-record-for-businesses/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IMF","symbol_name":"Invesco Managed Futures Strategy ETF","start_time":0,"source_url":"https://www.cityam.com/tax-raids-trigger-worst-start-to-year-on-record-for-businesses/","article_id":"2630687006","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/04/GettyImages-2271864671.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/tax-raids-trigger-worst-start-to-year-on-record-for-businesses/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2630687006","pubTimestamp":1777110044,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Businesses have had the worst start to the year on record  Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record.Fewer businesses were set up in the first three months of 2026 than in the same period of any year on record, according to figures from the Office of National Statistics.Just 78,655 companies were founded beween January and March, an eight per cent decline compared to the same period last year.Meanwhile, 83,2000 companies closed during the quarter, leading to the UK losing 4,500 businesses overall.The figures mark the first time fewer than 80,000 new companies were set up in the first quarter since quarterly records began in 2017.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.Tax burdenThe figures follow findings from the International Monetary Fund  which showed that the tax burden in the UK is als","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IMF":"Invesco Managed Futures Strategy ETF"},"translate_title":"税务突击搜查引发企业有记录以来最糟糕的年初","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IMF":1},"content_text":"Businesses have had the worst start to the year on record  Tax rises under Labour coupled with the war in Iran have triggered the worst start to the year for businesses on record.Fewer businesses were set up in the first three months of 2026 than in the same period of any year on record, according to figures from the Office of National Statistics.Just 78,655 companies were founded beween January and March, an eight per cent decline compared to the same period last year.Meanwhile, 83,2000 companies closed during the quarter, leading to the UK losing 4,500 businesses overall.\n\nThe figures mark the first time fewer than 80,000 new companies were set up in the first quarter since quarterly records began in 2017.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAndrew Griffith, shadow business secretary, blamed the fall on the government for undermining the private sector.He said to the Telegraph: “This shows the unfolding disaster for enterprise with fewer businesses being started and wealth creators either leaving or concluding it’s not worth the effort.“To grow the economy, we need a Government on the side of risk-takers and entrepreneurs – instead, we have the opposite.”\n\nTax burdenThe figures follow findings from the International Monetary Fund (IMF) which showed that the tax burden in the UK is also rising quicker than in any other major economy.This includes hikes to National Insurance contributions and rises to capital gains tax charged on investments.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}