UK Budget introduces Founders' Relief and startup measures

UK Chancellor John Healey unveiled a Founders' Relief capital gains tax break for founders and early investors in UK startups. The Budget also raises the tax-free trading allowance from £1,000 to £3,000, adds a young entrepreneurs allowance and doubles British Business Bank investment in female-led funds to £200m.

• Founders' Relief offers a new CGT break for founders and early investors
• Tax-free trading allowance rises from £1,000 to £3,000
• British Business Bank doubles female-led fund investment to £200m
• Data centre covenant ties grid priority to community investment