Understanding the UK Autumn Budget: Summary and Key Implications
Oct. 31, 2024, 11:36am
A Closer Look at the UK Autumn Budget
As we move into the latter part of the year, yesterday’s unveiling of the Autumn Budget has captured the business community’s attention. The pivotal event outlined the government’s fiscal policies and economic strategies for the upcoming year, promising significant insights and changes that could impact businesses across various sectors.
Key Highlights
The Autumn Budget, unveiled by Chancellor Rachel Reeves, addressed critical economic challenges and pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Here are some key highlights:
- National minimum wage will increase by 6.7% to £12.21 for a full-time worker.
- The lower rate of capital gains tax (CGT) will increase to 18%, and the higher rate will increase to 24%. CGT rates on residential property will be maintained.
- Employer’s National Insurance Contributions (NIC) Employers NIC will increase to 15% from April 2025. The secondary threshold will reduce to £5k.
Download Our Comprehensive UK Autumn Budget Summary
Navigating through the intricacies of the Autumn Budget can be daunting. To assist you in understanding the implications for your business, we have prepared a detailed Autumn Budget summary. This document outlines the key provisions and their potential impact on businesses, ensuring you stay informed and proactive in your financial planning.
[Download the UK Autumn Budget Summary Here]
Stay Informed, Stay Ahead
At Tindles, we understand the importance of staying ahead in a dynamic business environment. Our commitment to providing insightful analyses and practical guidance through events like the Autumn Budget underscores our dedication to your success.
Explore our comprehensive UK Autumn Budget summary and empower your business with the knowledge needed to thrive in the evolving economic landscape.
Happy to Help.
For detailed, one-to-one advice for your business, please contact our specialist team today. Call 01642 878555 or email: team@tindles.co.uk
Plus, stay tuned via Facebook, Linkedin and Twitter for all future Tindles financial insights and guidance throughout the year!