Penalise startups that take state aid then list abroad, says UK Finance
4 July 2024 at 05:27
Banking sector suggests βtwo-way commitmentβ that would require subsidies and tax breaks to be clawed back
The British banking sector has called for the next government to penalise startups that take state aid and then list abroad amid concerns about young companies choosing foreign stock exchanges over London.
UK Finance suggested subsidies and tax breaks could be clawed back, arguing in a paper published this week that companies in receipt of government help should have βa two-way commitmentβ.
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