On Wednesday October 30, Chancellor Rachel Reeves will deliver Labour’s long-awaited Budget, facing a £40bn gap in public finances. She’s promised no return to austerity, so we’ll likely see strategic tax changes and spending adjustments rather than sweeping cuts.
Key areas to watch:
- Employer NI contributions: Possible increases could impact hiring across the UK.
- Tax threshold freezes: Could push more taxpayers into higher brackets.
- Inheritance & capital gains tax: Rumored tweaks here might affect larger estates and investments.
Will Reeves’ approach pave the way for growth or strain businesses and consumers alike? What matters to you and what are you looking for on Wednesday?