Autumn Budget 2025
Wednesday 26 November 2025, saw Chancellor Rachel Reeves deliver her Autumn 2025 Budget. Whilst an error by the Office of Budget Responsibility saw some of the information released before the Budget started, there were a lot of announcements that will impact both individuals and businesses, and we are here to support you with forward planning and to make sure that you make informed decisions.
We digested all of the statements and supporting documents, to bring you all you need to know about the Autumn Budget 2025 and how it may impact you and your business.
Read our Autumn Budget 2025 summary.
Spring Statement 2025
Today’s Spring Statement offered no big surprises on the tax front, and in particular there was no mention of the controversial upcoming National Insurance and Inheritance Tax changes that were first mentioned in the October 2024 Budget.
Instead, Chancellor Rachel Reeves stuck to her promise that this was to be a fiscal event only; reporting on the finances of the nation and saving any changes to tax rates and allowances until the next Budget later in the year.
Amid weaker than expected growth, and turbulent global events, the crux of the statement was the raising of extra funds. This is to be done by cutting foreign aid, scrapping NHS England, increasing resources to tackle tax evasion, reducing welfare budgets and improving Government efficiencies by removing red tape and scaling down the Civil Service workforce.
These savings are to be used to increase defence spending, and in particular £200m will be available to support nuclear submarine jobs in Barrow, which is positive for the county. They will also be used to provide personalised support to get people back to work, provide training for 60,000 new construction workers and fund the building of 18,000 new social and affordable homes.
Within the Spring Statement documents, the Government also provided an update on the 2028 implementation of Making Tax Digital for Income Tax. However, with the 2026 rollout still over a year away, we will review the details that have been released and update our Making Tax Digital for Income Tax guidance accordingly.
If you have any questions about the Spring Statement, our specialists are happy to help, so feel free to contact us
Autumn Budget 2024
Wednesday 30 October saw Chancellor Rachel Reeves deliver her first Autumn Budget.
As always, the devil is in the details. We have reviewed the guidance notes to bring you the main announcements in our Budget summary.
Read our Autumn Budget Summary in full on our flip book
Spring Budget 2024
In the last scheduled Budget before the general election, Chancellor Jeremy Hunt was keen to project this as a Budget for growth and for hard working families.
His centre piece announcement was a cut to the rates of National Insurance paid by employees and the self-employed from 6 April 2024 and he will be hoping that these measures ease household budgets.
He was keen to reference an economic theory that tax cuts can pay for themselves, but at the same time announced a number of tax-raising measures to balance the books; these being the abolition of tax breaks for Furnished Holiday Lettings, axing Stamp Duty relief where more than one property is bought in a single transaction, changes to the Non-Dom regime and increased duty on vapes and tobacco.
Only time will tell whether he has done enough to re-energise the economy.
Read our Spring Budget Summary in full
Scottish Budget 2023
Our Tax Manager, Victoria Bishop, explains what yesterday’s Scottish Budget announcements could mean for you and your business.
Scotland’s Deputy First Minister, Shona Robison, presented the Scottish Government’s proposed spending and tax plans for the 2024/25 financial year with a range of new measures.
Read our Scottish Budget 2023 Summary in full
Autumn Statement 2023
The Chancellor, Jeremy Hunt, today unveiled the Governments tax and spending plans in the Autumn Statement.
With inflation falling to 4.6% in October 2023 (11% last autumn), Jeremy Hunt’s focus was on growing the economy and making work pay. Large businesses will welcome measures to make permanent the “full expensing” of eligible capital expenditure, although this will offer little real help to smaller business who already benefit from the £1m Annual Investment Capital Allowance relief.
Smaller businesses will however welcome the announcement of a business rates support package worth £4.3 billion over the next five years, with measures that include the freezing of the small business rates multiplier for a fourth consecutive year and the extension of the retail, hospitality and leisure rates relief.
As usual, the devil is in the detail, and the Treasury documents contain far more information than the headlines.
We have listed the important announcements below, but please give us a call on 01228 711888 or our Dumfries office number on 01387 270340 if you have any queries about how these might affect you or your business.
Read our Autumn Statement Summary in full
