Chancellor Rachel Reeves faces a real challenge to balance the UK’s national budget while also supporting growth. Meanwhile, the Labour government has had a turbulent first year in power and has already been defied by its own MPs over welfare reforms.
As with any Budget, there have been rumours of changes, but as Tom and Nick discuss, this year feels different. Salary sacrifice arrangements seem to be firmly in the chancellor’s sights, with talk of a cap on the tax advantages that some have warned will negatively affect retirement savings at a time when it’s more important than ever to encourage people to put more into their pensions.
The co-hosts also discuss the political backdrop, rumours about tax-free cash allowance changes, and what restrictions to green energy subsidies could mean for renewable investment.
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