Eventually, if these companies survive, they’ll change hands. They’ll either end up with the next generation, or they’ll be sold into private hands, or they’ll go public.
At no point is the government directly involved (nor should it be involved) in that decision-making process. But once a company’s gone public, you have to accept that you can lose control of it. (For example if Cadbury’s had wanted to stay British, it should never have been listed. )
But life goes on. A successful economy creates companies, builds them up, then lets them go. And the important thing is that this entrepreneurial process is given an environment in which it can thrive.
That’s why it’s important to have a nice stable taxation system, and as little red tape standing in the way of business creation as possible.
That’s why a warning from the British Chambers of Commerce (BCC) that new taxes and regulation will cost British firms £25.6bn over the next four years is such a worry.
The group wants a three-year moratorium on new employment laws in the UK, and a campaign for an EU-wide moratorium. Of course the BCC is always going to talk up the interests of its members, but given the government’s constant fiddling with the country’s tax laws it’s not hard to see their point.
And it’s an important one. If there’s one thing that can help the UK economy get out of its debt-burdened holesand grow again, it's entrepreneurship.
And as a Lawyer, if you're considering setting up on your own, you will soon be able to take advantage of a new website that provides you will all you need to start your own law firm, from as little as £500 per month.
There will be more on this when I confirm the name of the site and the basis of their offer.