Budget

On Wednesday 26th November 2025, the Chancellor, Rachel Reeves delivered her second Budget. She announced £26.1 billion in annual tax rises by 2029/30 mainly by freezing income tax thresholds. Labour’s manifesto pledge not to raise income tax, National Insurance or […]

On Wednesday, 26th March 2025, Chancellor Rachel Reeves delivered her Spring Statement, outlining the government’s plans for the coming months. As anticipated, the Statement contained few new measures, with the majority of significant changes having already been set out in

On Wednesday 30th October 2024, Chancellor Rachel Reeves unveiled her “Halloween Budget”, marking Labour’s first budget in over 14 years. True to predictions, this budget includes significant tax increases aimed at raising over £40 billion to fuel economic growth. In

On Wednesday 6th March 2024, the Chancellor, Jeremy Hunt announced his Spring Budget to update the country on the fiscal plans ahead. With an upcoming general election later this year, tax cuts were anticipated. As with every budget there are

The Autumn Statement was announced on Wednesday 22nd November 2023. The Chancellor, Jeremy Hunt announced 110 measures for businesses to deliver an ‘Autumn Statement for Growth’. The main announcements included significant reductions in National Insurance, full expensing for Companies and

The Spring Budget was announced on Wednesday 15th March 2023 by the new chancellor Jeremy Hunt in his first ever budget speech. The forecast for the UK economy is gloomy with GDP expected to shrink in 2023. Most individuals and

The main capital tax announcements in the Spring Budget 2020 are as follows: Capital Gains Tax Rates The rates of capital gains tax remain unchanged. 10% tax rate is charged for basic rate taxpayers and 20% tax is charged thereafter.

The main business tax announcements in the Spring Budget 2020 are as follows: Corporation Tax Rates The corporation tax rate is to remain at the current rate of 19%. It had been due to fall to 17% but this reduction

The main employment tax announcements in the Spring Budget 2020 are as follows: National Insurance Thresholds The primary threshold which is the rate at which employees start to pay National Insurance is to increase by 10% to £9,500. Self-employed individuals

The main personal tax announcements in the Spring Budget 2020 are as follows: Personal Allowance The personal allowance will remain at £12,500 per annum. This is the amount most UK taxpayers can earn before they pay any income tax. As