Weds 3rd December 2025
The recent Autumn Budget from Chancellor of the Exchequer, Rachel Reeves, did not have much to offer small businesses. Today at the WBG breakfast, David Meredith from Busbys went into detail on the likely impact to members.
Firstly, on a more general level, the timing of the budget differed from recent years, being delivered a month later than usual. There was quite a kerfuffle over the mistaken early release by the OBR also. Market reaction was initially a little volatile, but soon settled back indicating no great enthusiasm or concern. Government tax take is currently lower than spending, but is forecast to swap over in 28/29.
Many measures are not changing:
- income tax allowances
- child benefit threshold
- pension reliefs
- corporation tax rates
- national insurance rates
- VAT
- capital gains tax
What has changed or will change includes:
- dividend tax (in ’26)
- tax on interest (in ’27)
- tax on property income
- motoring duties
- inheritance taxes
- pension salary sacrifice
- ISAs
- and other measures detailed in David’s presentation below
As always, if you want to make those tax worries low, Busbys is just the place to go!
