This explains a bit about why some like me have had enough of this government particularly. It’s not about not wanting to pay more tax, it’s about the now relentless attack on those that put everything on the line to start a business - creating jobs, growth and wealth on this island.
Having your own business is 24/7 - nobody is there to pick up the pieces if it all fails. When you’re awake, you’re at work - it follows you about in your brain. It’s brutal. And the truth is, most businesses fail. Some end it all as a result.
We should be encouraging people to start their own business, supporting them, not abusing them for the benefit of those that can’t be arsed, or are bitter about anyone trying. Ambition is leaving, along with current wealth and future wealth. That impacts everyone badly. Even eventually the lazy, ‘bash the rich’ lemmings. Labour have to go, even for the benefit of the idiots that vote for them. They just don’t realise it yet.
Ten years ago, a small business owner taking a £100k dividend could pay as little as £2,500 in personal tax if structured efficiently under the old dividend tax system.
Today in 2025, they’re paying £21,250.
Next year, under Labour’s new budget, they’ll pay over £23,000.
And that’s after the company has already paid 25% corporation tax on the profits used to fund that dividend.
In a decade, we’ve gone from a manageable tax bill to one where the state takes nearly a quarter of the dividend on top of corporation tax before the owner sees a penny.
That’s a nearly 800% increase in personal tax on the same £100k.
All for the crime of running a business in Britain.
- This is why entrepreneurship is dying here.
- This is why people aren’t scaling.
- This is why founders are taking their companies and jobs abroad.
If you want growth, stop treating business owners like a bottomless ATM.
Britain needs entrepreneurs, not policies that punish them for succeeding.