He told the the CBI conference in Birmingham that his new Enterprise Management Scheme would allow up to 10 key employees in growing companies share options of up to £100,000 free of income tax.Mr Brown said:`I want to send the message to entrepreneurs in every part of the country that this Government means enterprise and the rewards of enterprise are open to all.'People say that in the 1980s Mrs Thatcher created an enterprise society, but we must always be looking for new ways to promote enterprise and open enterprise up to all.'Indeed we must do far better than we have in the past. We must go beyond what was achieved in the 1980s. And we must give the many, not just the few, the chance to turn their ideas into profitable businesses, to start firms, create jobs and win business for Britain.'At a cost of £40 million a year in lost tax revenue, the scheme aims to reward 'dynamic managers' helping them build up their businesses.The details will be set out in the pre-Budget report next week, which will also include proposals for the modernisation of capital and product markets, the encouragement of innovation and the building of a modern skills base.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago