Analysis by think-tank, the Resolution Foundation, has described Entrepreneurs' Relief as 'expensive, ineffective, and regressive', costing taxpayers £2.7 billion a year. The think tank has called on the UK Government to scrap it as it looks for ways to fund its £20 billion NHS pledge.  

The analysis said that the initiative has a good claim to being "the worst of Britain's main tax reliefs". Entrepreneurs' Relief was introduced by Labour in April 2008 and allows people selling companies to pay half the normal rate of capital gains tax on up to £1 million of revenue. It was also significantly e...