Budget

When Chancellor Rachel Reeves delivers her Autumn Budget later this month, her primary focus will be on how to deliver on her pre-election promise of growing the UK’s economy, writes Jak Henderson. While much of the recent discussion has revolved around speculation as to whether she will break

The Scotch Whisky Association (SWA) has joined six other leading UK drinks trade bodies in a united call on the Chancellor to freeze excise duty in the forthcoming Autumn Budget. The joint appeal was issued Wednesday evening, two weeks before the budget and following a collective meeting with the Ex

Three of the UK’s most influential business organisations have made a rare joint intervention, urging Chancellor Rachel Reeves to abolish the Energy Profits Levy (EPL). The British Chambers of Commerce, Scottish Chambers of Commerce, and Aberdeen & Grampian Chamber of Commerce (AGCC) have

The UK government is facing a fresh internal row after Chancellor Rachel Reeves reportedly informed the fiscal watchdog of plans to raise income tax, breaking a key 2024 manifesto pledge.

People should brace themselves for a “nasty set of tax rises” in Rachel Reeves’ forthcoming Autumn Budget, according to leading economist and public policy expert Professor Paul Johnson CBE. Speaking at the ICAS Annual Conference 2025 in London on 5 November, Prof Johnson – P

Ross Stupart, regional managing partner for RSM Scotland, gives his view on what impact the UK budget could have on Scotland. With the UK budget fast approaching, the persistent deficit, underwhelming economic growth forecasts and a manifesto pledge not to raise taxes for working people, Rachel Reev

More than a quarter of Scottish small businesses are expecting to shrink as ongoing cost pressures take their toll on revenues, new Federation of Small Businesses (FSB) figures reveal. FSB’s latest Small Business Index (SBI) in Scotland for Q3 found 29.1% of small firms expect to contract in t

New research from the Scotch Whisky Association (SWA) has warned that the rising price of alcohol is a significant driver of UK in 2025, adding to fears that consumers will be pushed to pay more for goods in the lead up to the festive season. Research conducted by the trade body, which represents th

The Chancellor could wipe billions of pounds off the UK stock market with even modest changes to key retail investor taxes, according to new analysis from investing platform IG as part of its new ‘Hands off our investments’ campaign. The research finds that ahead of next month’s Au

Chancellor Rachel Reeves is preparing a tax crackdown on professional partnerships, targeting accountants, lawyers, and other professionals using limited liability partnerships (LLPs) as part of her plan to ensure those with the “broadest shoulders” contribute more. The proposal involves

Chancellor Rachel Reeves is facing mounting pressure to rule out a wealth tax in the upcoming Autumn Budget, following new research estimating such a levy could drive £100 billion of assets out of the UK.

Chancellor Rachel Reeves has publicly revealed for the first time that the UK government is considering tax hikes and spending cuts in the upcoming Budget to address a significant fiscal hole. In a Sky News interview, the Chancellor confirmed she would not "duck" difficult decisions to ensure the pu

Chancellor Rachel Reeves has confirmed her second Budget will be delivered on Wednesday, 26 November, setting the stage for a critical fiscal statement amid a turbulent economic backdrop. After a challenging first year in power, the UK government is under pressure to stabilise the economy following

Plans to overhaul cash Individual Savings Accounts (ISAs) will not be announced in the upcoming Spring Statement, despite ongoing UK government consideration of reducing the annual contribution limit.

The Edinburgh Tax Network, in conjunction with CIOT and Terra Firma Chambers, will host an in-person, lunchtime event, "Reflecting on the Autumn Budget", on Tuesday 19th November 2024 at the offices of Johnston Carmichael, 7-11 Melville Street, Edinburgh, EH3 7PE. At this event, Alex Docherty, CTA,