Autumn Budget 2021 – an overview


The Chancellor of the Exchequer, Rishi Sunak, delivered his Autumn Budget 2021 and spending review on 27th October 2021. While there were some welcome measures introduced in the Budget, it lacked any significant announcements for businesses. The focus was clearly on government investment to back further economic growth in the post-Covid era.

In this article we give an overview of the key announcements.

Tax Reliefs and Growth Incentives

Support for Start-Ups

Tax reforms


In summary, with significant tax-raising measures already having been announced, including the corporation tax increase to 25% from 1 April 2023, the inflation impact of freezing of personal allowances and rate bands, as well as the new health and social care increases, there was little need for the Chancellor to raise additional taxes in this budget.

It would seem that the Chancellor is waiting for the uncertainties in the economy to be resolved, before returning to a tax cutting budget in the run up to the next general election.

If you have any questions about how the budget will affect your personal or business taxes, don’t hesitate to contact us.

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