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Budget Response

Autumn Budget 2021: what it means for you

Tom Rathborn Tom Rathborn

The Autumn Budget unveiled higher-than-anticipated public spending which the Chancellor aims to finance through a combination of tax increases and a gamble that his decisions will lead to productivity growth.

The announcement looks to rebalance the post-COVID-19 economy, with significant investment in innovation, infrastructure, and skills. An opportunity afforded by strong economic forecasts and previously announced tax rises.

BUDGET RESPONSE

For the public sector, the Budget marked a noticeable move away from the austerity of previous Conservative chancellors. Departmental spending will increase across the board with particular focus on Levelling-up and the NHS.

Unlike most recent Budgets that have offered unparalleled business support through the pandemic, during this Budget there were no silver bullets. The challenges firms face will continue and despite specific interventions to alleviate pain in certain areas, the overall message was that business will have to chart its own course.

To help you plan your approach and make the right decisions, our experts share their takes on what Autumn Budget 2021 means for you.

News releases

Read the responses from our experts

Local government

Paul Dossett, Head of Local Government, commented:

“There were more spending commitments than expected in today’s Spending Review with budget increases announced across all departments, and an estimated average increase of 3% a year in core spending power for local government."

Read the full commentary

Social care

Nick Clarke, Head of Social Care Consulting, commented:

“The biggest financial pressures most councils are currently facing are in relation to social care where structural demand and inflationary cost pressures show no sign of slowing down."

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Public sector healthcare

Matt Custance, Head of Public Sector Healthcare, commented:

“It needs to be acknowledged that Government has continued to fund the NHS with real term increases in spending at a time when other departments and local government have suffered."

Read the full commentary

Tax

Karen Campbell-Williams, Head of Tax, commented:

“Today’s Budget unveiled higher than anticipated spending which the Chancellor aims to fund by a combination of higher taxes and a gamble that the better-than-expected economic growth and productivity predictions will come to pass."

Read the full commentary