Weekly Business News - Budget Special

An overview of major fiscal and regulatory shifts affecting businesses and individuals following the Autumn Budget 2025, which introduced higher tax rates on property income, savings income, and dividends. Significant changes to payroll costs are expected, stemming from substantial increases in the National Minimum Wage and the forthcoming cap on the National Insurance contribution exemption for pension salary sacrifice schemes. Further administrative updates include the mandatory introduction of electronic invoicing for VAT starting in 2029, as well as the successful resolution of an HMRC issue concerning incorrect Class 2 National Insurance charges for thousands of self-employed taxpayers. In a move to combat living costs, the government confirmed a freeze on regulated rail fares until 2027, while the Competition Markets Authority accepted a request to study the state of competition in private dental care. Finally, health statistics reflect persistent workplace challenges, noting that nearly two million workers suffered from work-related ill health in the latest reported year.

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