Tim Sarson, Head of Tax Policy at KPMG UK, said:
“The Chancellor outlined an Autumn Budget that had been the most heavily trailed in recent history, making today one of the most predicted and ultimately predictable budgets in recent history.
“The plan for the country’s financial future was announced pretty much as planned with a raft, or ‘smorgasbord’, of tweaks that will have major ramifications for many over the coming months and years.
“Businesses will be relieved in the way they were largely left alone by this Budget while acknowledging they still face challenges with the likes of the imposition of National Insurance on salary sacrifice pensions and changes to minimum wage.
“Overall, the Chancellor has delivered a difficult Budget that, while providing a forecast that places a heavy reliance on future revenues funding today’s giveaways, also gives people and businesses a better defined roadmap for the financial future of the country.”
-ENDS-
Notes to editors:
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KPMG LLP, a UK limited liability partnership, operates across the UK with approximately 17,000 partners and staff. The UK firm recorded a revenue of £2.99 billion in the year ended 30 September 2024.
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