2025 AUTUMN BUDGET

If you’ve felt bombarded by Budget speculation, leaks, and social media “hot takes” this year, you’re not alone. The run-up to Chancellor Rachel Reeves’ second Budget was marked by a swirl of rumours, algorithm-driven headlines, and plenty of misinformation.

We have taken the time to digest the details and summarise the aspects which we think matter to our clients.

The Budget not only sets out rates and policy for the next tax year, but the years ahead. Therefore, it is important to note when proposed changes will happen. Not all rate increases will kick in from 2026/27.

So now the Budget has happened, here is the information you need.

Next steps

With just a few months until the 2026/27 tax year, we know many of our clients and contacts will be looking at how this Budget will impact their affairs.

While there was much talk about growth, tackling inflation and cutting the cost of living, everyone has been asked to contribute. Freezing many income tax rates and thresholds for a further three years and increasing taxes on savings, dividends and property income will mean many end up paying more over the coming years. It may be necessary to re-examine your business and personal plans for 2026 and beyond to be as tax-efficient as possible.

Remember, we are here to support you to ensure your business and personal success. Please do get in touch if there is anything that you would like to discuss.

This report is for general information only and reflects the law and HMRC practice following the Budget. For personalised advice, please contact us.