OWNER MANAGED BUSINESSES

Early day motion 501, tabled 27 January 2004 by Mark Prisk (Conservative). Signed by 138 members.

That this House notes the Government's plans to reverse its tax treatment of owner managed businesses; is deeply concerned that this could result in severe financial hardship for thousands of family businesses and thus damage enterprise; asks the Chancellor to explain why his tax incentives went wrong; and urges him to meet with and consult small business representatives prior to the Budget.

Signatures by party: Conservative 97, Liberal Democrat 15, Labour 13, Scottish National Party 3, UUP 3, DUP 2, Independent 1, Independent Conservative 1, Labour/Co-operative 1, Plaid Cymru 1, Social Democratic and Labour Party 1.