Business news

It’s no secret that new Chancellor of the Exchequer Rachel Reeves has some tough decisions to make as she approaches her first Budget in post. She wasted no time priming the country for pain ahead when she announced that Labour had inherited a £22bn black hole in public finances from the previous government. The majority of analysts […]

The Chancellor referred to today’s announcement as a “Budget for Growth” – but for many UK employers, it could prove the opposite. In a historic shift for UK tax policy, today’s Budget unveiled the most substantial tax increases since 1993, aiming to generate an additional £40 billion for the Exchequer. The most significant change impacts […]

Ahead of the full budget summary release from Taxedify, we’ve highlighted the key takeaways from today’s address by the Chancellor. Chancellor of the Exchequer Rachel Reeves unveiled the 2024 UK Autumn Budget, introducing major fiscal reforms intended to bolster the National Health Service (NHS), raise wages for low-income earners, and increase employer tax obligations. Reeves […]