The economic backdrop for the Budget is not great. Growth in 2025 has slowed, public borrowing is up, debt-interest costs are high and rising, and there's a massive fiscal blackhole that only seems to be growing. This all means that Chancellor Rachel Reeves is under pressure ...
Autumn Budget 2025, Taxes rise as leaves fall gently, Growth is dissapointing
Although the OBR accidentally released the budget statement early, she was still able to stand at the dispatch box and make her statement, despite heckling from the opposition. Of course, she was still blaming the Tories for many of the country's woes, and one of the reasons for coming back for more taxes. We will have the highest tax burden ever by 2030.
Some of the headlines include a freeze in income tax thresholds, an increase in the National Minimum Wage, a new per-mile tax for electric vehicles, the two-child benefit cap being lifted, and salary sacrifice on pension contributions will pay National Insurance. All this in the face of a lower growth forecast from the OBR.
Our summary provides an invaluable update for you and will help you get to grips with the announcements. It will remain on our blog for you to refer to as and when you need it, but if you have any questions, don't forget we are here to help.
If anything I've written in my blog post resonates with you and you'd like to discover more of my thoughts about the Autumn Budget 2025 and what the Chancellor announced, then do call me on 01908 774320 and let's see how I can help you.
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Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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