Following our Chancellor, Rachel Reeves, Autumn Budget statement, on Wednesday 26th November 2025, we detail all the announcement details for you to digest. 

Chancellor Rachel Reeves presented her inaugural Labour Budget on 30 October 2024, outlining a comprehensive plan to tackle a £22 billion fiscal deficit while enhancing public services. Key measures include raising the National Living Wage to £12.21 per hour from April 2025 and increasing National Insurance contributions, which are expected to create financial pressure on businesses, especially small and medium-sized enterprises (SMEs). The Budget also introduces significant revisions to Capital Gains Tax rates and a new surcharge on Stamp Duty for second homes.Concerns have been raised among high-net-worth individuals regarding increased scrutiny and compliance requirements. Businesses face challenges due to rising employment costs stemming from these changes, which could hinder growth and investment. Overall, the Budget reflects a cautious approach to fiscal management amid rising living costs and stagnant public services. As stakeholders navigate these changes, Ward Williams is poised to provide expert guidance to help individuals and businesses adapt their financial strategies effectively in this evolving landscape.