Implications of The Autumn Budget 2025 – changes for SMEs
The recent Autumn Budget delivered stability for businesses but introduced several measures that will impact SME owners, employers, and individuals. While markets welcomed the lack of major surprises, the changes signal higher personal taxes, increased labour costs, and reduced generosity in long-term tax reliefs. This is a summary of the key implications for SMEs and […]
Autumn Budget 2025: What It Means for Your Wealth, Property and Business
By Jennie Brown, Tax Partner The Chancellor’s second Autumn Budget has landed, and while headline income tax rates remain untouched, the devil is in the detail. This is a revenue-raising Budget without the political shock factor, leaning heavily on stealth measures that will reshape tax planning for property owners, investors, and business leaders. Here are […]
Budget Summary 26 November 2025
The degree of speculation about this year’s Budget announcements was further compounded when the Office of Budgetary Responsibility uploaded their report on Budget changes prior to Rachel Reeves announcements to Parliament.However, there are to be no changes to the main rates of Income Tax, NIC and
Spring Statement Summary March 2025
Spring Statement 2025: Key Tax Measures and Modernisation Initiatives
Chancellor Rachel Reeves’ Spring Statement 2025, delivered on 26 March, arrived at a critical point for the UK economy. With the Office for Budget Responsibility downgrading growth forecasts to just over 1% for the year and
Budget summary 30 October 2024
The long awaited, much anticipated and dreaded first Budget of the new Labour government was delivered to Parliament yesterday – 30 October 2024 – by the Chancellor, Rachel Reeves.
We now know where the funds will come from to finance investment and growth, and the vaunted tax increases are no
Budget summary 6 March 2024
As expected, the Chancellor has found wriggle room in his fiscal rules that have allowed him to please his fellow Conservatives by reducing the impact of taxation. Not an unfamiliar tactic for a government in a general election year.
The impact of tax changes announced are summarised below.
Impact
Spring Budget summary 2023
As expected, the Chancellor, Jeremy Hunt, resisted pressure to reduce taxes in any significant way, and the majority of his announced changes were already in the public domain. According to the Chancellor, the UK economy is on track to grow in the coming year with inflation halving.
We have listed
The Growth Plan 2022
The new Chancellor of the Exchequer, Kwasi Kwarteng, delivered a fiscal statement referred to as The Growth Plan 2022 on 23 September 2022. The statement to a packed House of Commons centred on the government’s plans for generating growth.
Colloquially referred to as a mini-budget, it would perhaps
Spring Statement 2022
The Chancellor, Rishi Sunak, has delivered his Spring Statement to the House of Commons against a backdrop of a growing cost of living crisis. The Chancellor also stressed that, apart from the untold human suffering, the Russian invasion of Ukraine is creating further uncertainty in the domestic and
Autumn Budget Summary 27 October 2021
As with the Spring Budget 2021, much of the detail for the Autumn Budget had been leaked to the press prior to the official report to parliament, 27th October 2021.
But we now have all the details and, as usual, there is much to consider. The following Budget summary is split into two