Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |2024 Autumn Budget - what to expect

Latest news

Browse by category
Business News

2024 Autumn Budget - what to expect

October 30 2024

Chancellor Rachel Reeves will present the 2024 Autumn Budget today. We will keep you up to date on the key Autumn Budget announcements and supply a summary, which will appear on our website.

According to reports, the Chancellor is looking to increase employers' national insurance contributions (NICs) in order to raise up to £20 billion. Currently, employers pay NICs of 13.8% on an employee's earnings above £175 a week.

Much of the pre-Budget speculation has centred on possible increases to capital gains tax (CGT). Critics point out that the current rates are substantially lower than income tax rates and tend to benefit wealthier people.

Ms Reeves also has other options to help raise revenue, including abolishing the 5p cut on fuel duty. Since 2011, fuel duty was frozen, but in 2022 former Chancellor Rishi Sunak cut it by 5p per litre.

Meanwhile, business groups have called on the Chancellor to stimulate economic growth, address the UK's labour and skills shortages and reform the business rates system.

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.