‘Exit tax’ on UK entrepreneurs ruled out by business department

The UK business department has decided to rule out an "exit tax" that could have potentially deterred entrepreneurs from companies spun out of UK universities from relocating abroad. This move aims to alleviate concerns and encourage innovation by ensuring that talent and businesses can thrive without the threat of a levy. This decision is crucial as it supports the UK's entrepreneurial ecosystem and helps maintain its global competitiveness in tech and research-driven fields. For more details, check out the full article on the Financial Times website.