Autumn statement 2024

After boxing themselves into a manifesto promise of no tax rises for ‘working people’ on income tax, National Insurance, corporate tax, or VAT, the Government had to look elsewhere for the £40 billion of taxes needed to fill their public finance black hole. As ever, some of the changes announced by Reeves were broadly expected, while others will require careful long-term financial planning, emphasising the importance of regulated financial advice ahead of more uncertain times to come.

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