like Christmas for accountants but no one’s going to get the present they asked for and we’ve all been so traumatised by the pitch rolling of what the presents might be that we don’t really want them.
But here’s what we know so far:
👉 minimum wage is increasing in April 2026, this is going to hurt small businesses the hardest as they have to find the money to fund this. Yes there’s a small tax break if you employer those under 21 but does this mean we’ll see fewer job opportunities?
👉 tax on milkshakes… so the sugar tax we see on fizzy drinks is now being placed on milk drinks like yahoo etc
👉 help to save scheme being offered to more people for those on universal credit and others the government will boost their savings pot.
What’s speculated:
👈 cash isa allowance drop from £20k to £12k this is not a safe way to force people to invest but let’s see
👈 adjustments to stamp duty, pensions, mansion taxes, threshold freezes… look I’m going to stop there and not add fuel to the fire but let’s sit down and just pray we don’t get socks when we asked for a bike.
(Stay with me I’m going to post notes all day as an when I have a thought and post a full post on what the budget actually means for you later)
Nov 26
at
7:16 AM
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