{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Cashflow Show: Entrepreneurship Insights for Founders, CEOs and Business Leaders","title":" The Devastating Impact of Inheritance Tax Reforms on UK Family Businesses - Steve Rigby | Prt 1","html":"","width":"100%","height":180,"duration":860,"description":"In this compelling episode of The Cashflow Show, host Clayton M. Coke sits down with Steve Rigby, co-CEO of Rigby Group PLC and Chair of Family Business UK, to unpack the alarming consequences of proposed inheritance tax reforms. With a new Family Business UK report predicting 208,000 job losses and a £15 billion drop in economic activity, Steve reveals why these changes threaten the backbone of the UK economy—family businesses. From their critical role in regional economies to strategies for resilience, this episode is a must-listen for business owners and policymakers navigating an uncertain future.Key Discussion Points: Rigby Group & Family Business UK: Steve shares insights into Rigby Group’s 50-year legacy as a second-generation tech business and his role as Chair of Family Business UK, advocating for the sector’s 4.7 million jobs and £985 billion economic contribution in 2023. Inheritance Tax Reforms: A Family Business UK and CBI Economics survey of 4,000 businesses highlights the devastating impact of proposed changes to business property relief (BPR) and agricultural property relief (APR), projecting 208,000 job losses and £15 billion in economic losses. Regional Impact: The reforms disproportionately affect regions like Cornwall and the Northeast, where family businesses are major employers in economically challenged areas. Anti-Growth Measures: Steve discusses how the reforms force businesses to plan for uncertain tax liabilities, stifling investment, acquisitions, and job creation. Sector-Specific Effects: Industries like construction, hospitality, and retail face significant risks, with businesses hoarding cash due to economic uncertainty. Resilience Strategies: Steve emphasizes the importance of family businesses communicating internally and leveraging networks like Family Business UK to navigate these challenges.Key Takeaways: Family businesses, contributing £985 billion to the UK economy in 2023, are vital to national and regional prosperity but...","thumbnail_url":"https://img.transistorcdn.com/5TDQUThJM60yAtjdMtHop6E3IULiY5PXxdvmQ0Ytl6Q/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83ZWMx/YzQ2ZjFmMWEyNTUy/NTMyYWFjZWI2ZWM0/MzIwZC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}