The Chancellor's Budget and Statements

Join us on this page for all the latest news and updates from the Chancellor's Budget and Forecast Statements. Use the tabs below to discover all the initial reactions, further in-depth analysis and webinar recordings, where our experts discuss and debate how any changes may impact you and your organisation.

Autumn Budget experts providing post Budget summary

4 November 2024

Autumn Budget summary 2024

How the Autumn Budget affects you and your business.

Autumn Budget 2024: The Budget unpacked

Rachel Reeves, the first female Chancellor in UK history, presented her Autumn Budget in October. This was Labour’s first Budget in over fourteen years and both the Chancellor and PM had hinted that difficult decisions would have to be made.

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5 December 2024

Scottish Budget summary 2024

Yesterday the Scottish Finance Secretary, Shona Robison, announced the Scottish Government’s tax and spending plans for the year from 1 April 2025. There was a collective sigh of relief when she confirmed there would be no further income tax bands introduced this year, but she did raise the Land and Buildings Transaction Tax (LBTT) surcharge for those buying a second residential property in another...

6 December 2024

What the Budget means for the life sciences sector

As we step into 2025, the effects of the Autumn Budget 2024 will start to take shape, leaving businesses in the pharma and life sciences sector grappling with its implications. Was it a step forward or a setback? Only time will tell as the changes take effect.

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2 December 2024

Impact on the Financial Services sector

In the government's first Budget, Chancellor Rachel Reeves announced several measures that will impact the UK's Financial Services sector, and we examine here the impact of the policies announced.

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2 December 2024

Increased NIC impact on Financial Services sector

Chancellor Rachel Reeves' Autumn Budget contained a sizeable increase in employers' national insurance contributions (NICs). This article examines how this will impact the Financial Services sector's tax cost and compliance requirements.

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22 November 2024

Impact on the Energy and infrastructure Sector

The recent budget announcements signal a renewed focus on the UK’s energy and infrastructure landscape, particularly in the realms of renewable and clean energy. This strategic shift is crucial for the UK to meet its net zero commitments, and it is expected to provide a significant boost to the green energy sector.

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8 November 2024

Implications on Manufacturing & Automotive Sector

The Budget presented by Rachel Reeves, the first female Chancellor in UK history, can only be described as a complex budget in challenging times, but how will the announcements impact the UK’s Manufacturing and Automotive businesses?

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5 November 2024

UK Budget announcements for large corporates

The Government has issued a corporate tax roadmap, which highlights the key points addressed in last week's Autumn Budget. Overall, there is little in the way of surprises for large corporates.

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1 November 2024

National Living Wage to increase from April 2025

National Living Wage (NLW) rates are to increase from £11.44 per hour to £12.21, an increase of 6.7%, which is yet another large increase to the minimum wage.

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17 September 2024

Business Relief could impact business legacy

Ahead of the upcoming Budget, rumours suggest could see changes to Inheritance Tax (IHT) Business Relief. Business Relief could now be capped at anywhere between £500,000 and £1m per person, removing the 100% and 50% reliefs that currently apply without limit on qualifying assets meeting certain requirements.

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5 July 2024

What markets and businesses now expect from Labour

Elections often hold surprises. However, this UK general election did not. Rarely has a landslide victory for one party been so thoroughly predicted across political pundits and financial markets. As predicted, Labour won a significant majority, roughly 170 seats at the time of writing. Conservatives survived as the opposition party, and Liberal Democrats picked up a significant number of votes,...