Everything you need to know about the Autumn Budget 2024
Oct. 2, 2024, 4:13pmAutumn Budget Overview
The UK date for the Autumn Budget 2024 has been set for Wednesday 30 October. It marks the first budget under the new Labour government, elected into power in the 2024 general election on July 4th.
In August, Keir Starmer warned that October’s Budget will be “painful” and the government will have to make “big asks” of the public.
Chancellor Rachel Reeves is therefore expected to deliver a budget highlighting significant changes and introducing measures to raise government revenues.
Anticipated changes, according to news headlines, include adjustments to Inheritance Tax, Capital Gains Tax and VAT exemptions. Furthermore, the budget could provide further detail on tightening the non-doms scheme and address taxation of private equity carried interest.
Preparing for the Budget
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Plan Ahead
Develop contingency plans based on different budget outcomes. Consider scenarios and adjust your financial strategy accordingly.
Contact Us Today
At Tindles, we strive to provide insightful analysis and proactive guidance to help you navigate the complexities of the Budget. Our team of experts is here to support you in understanding the implications, identifying the opportunities and implementing effective strategies to achieve your financial goals. Please contact us today to discuss your needs and plan for the future. Call us on 01642 878555 or email team@tindles.co.uk.