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02 Nov Budget announcement October 2024

Posted at 00:44h in Blog by

Rachel Reeves delivered the latest UK budget on Wednesday 30th October 2024, with tax rises and spending cuts of £40bn+ expected. This was historic for being the first UK budget delivered by a woman, but it was also notable for being among the biggest tax-raising events in the UK in recent decades. The underlying premise was that this was a move designed to fix the foundations of the British economy. We have summarized some of the key announcements set to impact our international clients. Cross border planning opportunities exist to help minimize the impact of many of these changes.

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