Chancellor John Healey delivered his first Budget yesterday, setting out a series of tax, spending and investment measures designed to support economic growth while easing some of the financial pressures facing households and businesses.
Among the headline announcements were changes to savings and property income tax, increases to the National Living Wage, targeted business rates relief and new incentives for entrepreneurs. There were also measures affecting energy bills, investment allowances and the tax treatment of business disposals.
While some of the announcements will be welcomed, others will increase the financial burden on individuals and businesses. Tax on savings and property income, for example, is set to rise by a total of four percentage points from April 2027, while employers must prepare for further increases in wage costs.
For business owners, investors and households, the important question is not simply what the Chancellor announced, but how the changes will affect their finances, future plans and decisions. Some measures will take effect relatively quickly, while others will require more detailed consideration and forward planning.
To help you understand the implications, the JF Hornby & Co team has prepared a comprehensive guide to the Budget’s key announcements. We explain the main changes, when they come into effect and what they could mean for you and your business, helping you plan ahead with greater confidence.
Download your copy here J_F_Hornby_&_Co_(W-6184765)_Oct26
