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Mounting fiscal pressures are expected to confront the Chancellor in the Autumn Budget, fuelling speculation that tax rises are on the table.

The Office for Budget Responsibility is expected to downgrade its economic outlook, with a widely held expectation that the UK faces a fiscal shortfall of £20–£40 billion.

According to our recent survey, 75% of businesses anticipate further business tax increases this year (June 2025). While the Government has pledged not to raise National Insurance, income tax rates (basic, higher and additional), VAT, or the headline rate of corporation tax. To raise meaningful revenue without breaking these promises, the Chancellor may need to get creative - potentially increasing complexity for business.  

The Government entered office with a bold commitment to kickstart economic growth, and the Autumn Budget is set to be a pivotal moment in whether the Government can deliver on this.  

Join us as our tax experts unpack the Autumn Budget and explore how the Government navigates the complexity of raising revenues to remain within their fiscal rules, alongside delivering on their mission to boost economic growth. We’ll cut through the noise, explore how Budget announcements may collide with commercial reality, and what you can do about it.