Family businesses polling: Assessing their post-Budget outlook and the impact of the forthcoming BPR changes
Think tank: The Jobs Foundation
Author(s): Whitestone Insight
January 4, 2026
This report from UK think tank the Jobs Foundation assesses how family businesses view the UK’s economic prospects following recent Budgets.
This new report, commissioned by the Jobs Foundation and conducted by Whitestone Insight, provides a detailed assessment of how family businesses view the UK’s economic prospects following recent Budgets, and the anticipated impact of forthcoming changes to Business Property Relief (BPR) and Agricultural Property Relief (APR).
Based on a representative survey of 1,150 family businesses and family farms, the research paints a stark picture of confidence at historic lows. Nearly eight in ten family business owners are pessimistic about the UK economy in 2026, while only a small minority would advise a young entrepreneur to start a business in the UK. Respondents are more likely to rate the tax and regulatory environment of the 1970s as better for business than the present decade.
The findings also highlight a profound disconnect between government rhetoric on growth and the lived experience of business owners. A large majority report that recent Budgets have harmed their business, and four in five say the Government does not understand what it is like to run a business. Current tax arrangements are widely seen as a disincentive to enterprise, risk-taking, and long-term investment.
