Kunal Shah, co-head of Goldman Sachs International, has warned that uncertainty over tax and regulation is hindering small businesses, saying the concerns are causing companies to hesitate on investments and hiring. Noting the impact of the tax burden in the UK, he said the recent Budget “was a focal point for everyone to see again how tough the fiscal maths is now in the UK.” He added: “It introduces challenges for any entrepreneurs and the business environment.” Mr Shah said that while entrepreneurs are “largely optimistic around their own businesses, around things they can control,” uncertainty over wider issues “can hamper investment confidence,” warning that this “continues to be an overhang.”
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