What the Budget means for you and your business.
The Chancellor delivered the Autumn Budget on Wednesday, 28 October 2026. It was John Healey's first Budget as Chancellor, and the first since Andy Burnham became Prime Minister.
Our lawyers have set out what it means in practice for you and your business, and we will update this page as more detail is published and the Finance Bill 2026-27 progresses through Parliament. Start with our Budget 2026 summary, or read our analysis by area below.
If you are weighing up a decision that could be affected, such as a sale, a restructure, a gift or a purchase, our team can talk it through with you.
And if you are not yet sure whether any of it applies to you, our free legal health check is a no-obligation review of your position across property, business and personal affairs, and a straightforward way to find out where you might be exposed.
Insights from the 2026 Budget
Budget 2026: New Support for First-Time Buyers and Other Key Property Announcements
In a Budget described as ‘breathing space from rising costs, with major action on energy, driving and everyday bills alongside support for wages, housing and high streets’, it was clear that Chancellor John Healey is determined to boost the property market this year. There was a strong focus on helping first-time buyers take their first step onto...
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Autumn Budget 2026: What Business Owners and Shareholders Need to Know
On 28 October 2026, Chancellor John Healey delivered the highly anticipated Autumn Budget , announcing a range of measures aimed at supporting economic growth and investment across the UK. Whilst some of the changes may create opportunities for new businesses and for existing businesses to expand and invest, others are likely to result in...
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UK Budget 2026: Key Changes and What They Mean for You
The Chancellor, John Healey, delivered the Budget on 28 October 2026. The biggest changes are help with energy bills and fuel costs, a change to how the State Pension rises from 2030, and higher Income Tax on savings and rental income from April 2027. Up to 20 million households in England will get a £100 energy payment, and the 5p fuel duty cut...
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Autumn Budget 2026: No Changes to Employer National Insurance Contributions
In the run up to the Autumn Budget, a number of business groups, particularly those representing the retail , hospitality and leisure sectors, called on the Government to ease rising employment costs by increasing the employer National Insurance Contributions (NICs) threshold. The British Retail Consortium, for example, urged the Chancellor to...
Read BlogInsights from the 2025 Budget
Are Employee Ownership Trusts Still Worth Considering After the 2025 Capital Gains Tax Changes?
In the highly anticipated 2025 Budget, Chancellor Rachel Reeves reported that the Capital Gains Tax (CGT) relief available to selling shareholders on a transfer of shares to an Employee Ownership Trust (EOT) has cost the Treasury far more than anticipated when the relief was introduced in 2014. As a result, and without trialling it, the 100% CGT...
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Budget 2025: Why Now Is a Critical Time to Consider Incorporating Your Property Business
The 2025 Autumn Budget introduced key changes across the property landscape. Whilst it was widely rumoured that Stamp Duty would be abolished, capital gains tax would be payable on the sale of your primary residence, and there would be changes to national insurance payable on rental income, the Budget did not introduce these changes. Instead, the...
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Budget 2025: Key Takeaways for Employers
Following extensive media coverage of potential tax and spending reforms, the Chancellor of the Exchequer, Rachel Reeves, has delivered her Autumn Budget. Whilst many of the changes announced yesterday do not come into effect immediately, the Budget contains several measures which employers will undoubtedly need to consider over the next few...
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UK Budget 2025: Announcement Round-Up & Expert Analysis
Rachel Reeves has just delivered her second Budget since becoming Chancellor. However, the build-up to the statement was unusual this year. Many measures were announced in advance, and a large portion of the details were revealed early by accident when the Office for Budget Responsibility mistakenly published its forecast. Despite the early...
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Mansion Tax Explained: What You Need to Know
On 26 th November 2025, Chancellor of the Exchequer, Rachel Reeves, announced a new ‘Mansion Tax’ for properties valued over £2 million in England. The annual charge will be added on top of the existing council tax and will increase depending on the value of the property, with four separate bands. At Myerson, we are alive to how this tax could...
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Budget 2025: What It Means for Business Owners and Shareholders
On 26 November, Chancellor Rachel Reeves delivered the Autumn 2025 budget (“Budget”), which introduced a mix of anticipated changes and some surprising reforms that businesses will need to carefully consider when planning for the future. The Budget marks a pivotal moment in the UK’s economic strategy, with new policies aimed at driving...
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Budget 2025: The Impact on Hospitality and Leisure and Retail Businesses
On 26 November 2025, the Chancellor of the Exchequer, Rachel Reeves, delivered her second budget. In this blog, our Hospitality and Leisure and Retail lawyers explore the impact the budget will have on hospitality, leisure, and retail businesses, which have been facing mounting financial pressures in recent times.
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Budget 2025: What You Need to Know About Inheritance Tax
Overall, the Budget introduced no significant reforms to the existing Inheritance Tax framework. However, several announcements will affect future estate planning, particularly the continued freeze on key allowances and the forthcoming changes to APR and BPR. Our Wills, Trusts and Probate lawyers explore the key updates and what they may mean for...
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Budget 2025: Capital Gains Tax Relief Changes For Employee Ownership Trusts
Yesterday, Chancellor Rachel Reeves delivered the much-anticipated Budget and announced that, with effect from 26 November 2025, the Capital Gains Tax ( CGT ) relief available to selling shareholders on disposal of their shares in a company to an Employee Ownership Trust ( EOT ) is to be reduced from 100% to 50% . Our EOT Lawyers examine the...
Read Blog2024 Budget
How the Autumn Budget Impacts Inheritance Tax (IHT) Planning
Following the Labour win in summer 2024, there was a lot of speculation about what changes would come into place. Initially a £22 billion blackhole, this quickly increased to £40 billion, but how would the funds be raised if VAT, Income Tax and National Insurance were to remain untouched? Our guess (along with many others) was increases to...
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Business Asset Disposal Relief Rate Change: Time to Act?
On 30 October 2024, the Chancellor of the Exchequer announced a series of tax increases and reforms. One of the more significant changes for individuals looking to sell their business is the forthcoming increase in the Business Asset Disposal Relief ( BADR ) rate, which will take effect from 6 April 2025, in line with the end of the current tax...
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Wealth and Estate Planning Considerations under a Labour Government
In the run-up to the election, Labour said there would be no tax rises on 'working people' and pledged in their manifesto not to increase Income Tax, National Insurance, or VAT. With the recent £22bn 'black hole' announced in public finances, the Chancellor has said that taxes will need to be increased in the October Budget (due on 30 October...
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How Does the Labour Government Intend to Fill the £40 Billion Black Hole?
Initially predicted to be £22 billion, Chancellor Rachel Reeves had to deliver a Budget to raise funds but previously announced that there would be no increases to VAT, Income Tax and National Insurance. Who are those with the broadest shoulders to bear the greatest burden, and how does this affect you? Whilst the devil is always in the details...
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Are Employee Ownership Trusts a More Attractive Succession Model Following the 2024 Autumn Budget?
On Wednesday, 30th October, the Labour government announced several changes to the legislation governing Employee Ownership Trusts (EOTs) in the Budget. Our EOT Lawyers examine the changes outlined in the Autumn Budget and consider how changes to the rates of capital gains tax (CGT) and the CGT rates applicable to Business Asset Disposal Relief...
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Will the Autumn Budget Call Time on Deeds of Variation?
With a recent change of government comes plenty of speculation on what we can expect to see in Labour’s Autumn Budget. Our recent blog from our Wills, Trusts and Probate experts has reviewed some of the proposed changes to estate planning and how they may affect the future. Another potential change to wealth and Inheritance Tax planning could be...
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Autumn Budget 2024: Insolvency and Restructuring
The UK’s first female Chancellor, Rachel Reeves, has announced the first Labour budget in 14 years. In this blog, our Insolvency and Restructuring Solicitors highlight the main changes which are likely to have an impact on the Insolvency & Restructuring market.
Read BlogSpeak to Our Expert Solicitors
Whether the Budget has changed something specific for you or you simply want to know where you stand, our lawyers can help.
We advise businesses, property owners and families on the decisions that follow tax and policy change.
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