Spring Statement 2026
Tax, compliance and workforce changes affecting contractors, recruiters and end hirers The Chancellor delivered the Spring Statement 2026 on 3rd March 2026, framing it as an official update on the state of the economy rather than a major fiscal reset. The government has committed to reserving significant tax and spending changes for the Autumn Budget, with the […]
Autumn Statement 2025: A High-Level Overview
Chancellor Rachel Reeves delivered a heavily anticipated Autumn Statement today, framed around “fair and necessary choices” to stabilise the UK’s finances. Rather than opting for headline tax rises, the government’s strategy centred on freezes, delayed increases, and structural changes that will gradually widen the tax net. A Budget of Stealth Measures The Chancellor abandoned plans for a major income […]
Spring Statement – 2025
The Chancellor today presented her first Spring Statement, together with a report by the Office of Budget Responsibilities. As noted previously, the Chancellor confirmed that there will be only one fiscal event in the year, and as such, there were no further income tax and National Insurance increases today beyond those already announced in the […]
Autumn Budget 2024
The Chancellor, Rachel Reeves, has announced her much anticipated Budget which contained £40 billion of tax rises. These tax rises will be used to fill an apparent “£22 billion black hole” in the country’s finances and drive growth in the UK economy. Looking at the positives, we expect to see significant Government investment in building […]
Spring Budget 2024
The Chancellor announced a “budget for long term growth”, however, with fiscal projections remaining flat and recognising a limited amount of wiggle room, significant tax cuts were not on the table. How will it affect you? The elephant in the room is the continued theme concerning personal finances with the extended freezing of various allowances (namely income tax and inheritance […]
Autumn Statement 2023
Today’s Autumn statement, delivered against a back-drop of inflation falling and the economy and public finances stabilising, was anticipated with a degree of optimism. Whilst there is some good news in there for the majority of the workers, I think there has been a missed opportunity to extend the tax cuts to all of the […]
Spring Budget – 2023
The Chancellor’s budget today centred on achieving growth by “removing obstacles that stop businesses investing; by tackling labour shortages that stop them recruiting; by breaking down barriers that stop people working; and by harnessing British ingenuity to make us a science and technology superpower.” And although the spending deficit has improved, following a rise in […]
Autumn Statement 2022
In order for the Government to plug an anticipated £55 billion hole in public finances, (half of which are to be paid for by tax rises) the Prime Minister and Chancellor had already “agreed on the principle that those with the broadest shoulder should be asked to bear the greatest burden”. How will it affect you? The dominant theme of the statement for personal finances was the extended freezing […]
The Spring Statement Outputs 2022
The Chancellor, Rishi Sunak, presented a “mini budget” on Wednesday 23rd March 2022 – an update of the Government’s plan for the economy against the backdrop of a cost of living crisis and rising inflation. As expected, this was a “tax-light affair”- but did the Chancellor do enough to relieve the pressure on businesses and […]
Spring Budget 2021 – Outputs
Chancellor Rishi Sunak today delivered his much-anticipated Budget Statement, setting out how the Government will extend its economic support to reflect the “reopening of the economy”. In terms of issues directly impacting the flexible labour market, perhaps unexpectedly, there was no mention of the off-payroll (IR35) reforms in either the Chancellor’s speech or in the […]