Scottish Budget 2024
Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26. Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher rates than their counterparts in […]
Our 2024 year in review
Just 12 months ago, we ended 2023 with some hope. Hope, that inflationary pressures were finally stabilising, offering better prospects for financial markets and global economies after two years of rising prices and high interest rates. As we reflect on the year that’s been, we’d encourage you to pour a festive tipple, grab a mince […]
2025 – The year of resilience
In the economic outlook season, the key theme is policy uncertainty. Change will accelerate, some of it will be good and some of it will be a miss. Within the space of less than 45 days we have touched upon: We have described a stock market in search (but not fear) of correction, in a […]
What the 2024 Autumn Budget means for women
In light of these announcements, we have provided you with our snapshot on the changes and how they might impact you and those around you.
Virtual Autumn Budget event – 6 November 2024
With Labour’s first Budget looming, the rumour mill has been swirling, causing a lot of angst and uncertainty. Chancellor Rachel Reeves has acknowledged that difficult decisions must be made to close the £22bn debt gap with the Prime Minister, describing his first Budget as a “painful” one. To help you make sense of announcements and […]
What the Autumn Budget could mean for you
Rachel Reeves, the UK’s first female chancellor, will deliver her Budget this Autumn and with Government debt of £22bn, we are likely to see significant changes announced. As part of their manifesto, Labour pledged not to increase “working taxes,” with Rachel Reeves confirming that they would not raise National Insurance, Income Tax, Corporation Tax, or […]
How changes to IHT Business Relief could impact your business
There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief was first introduced in the […]
The impact of Labour’s plans on women
Labour’s commitment to women’s equality can already be felt in the representation of female MPs elected to Parliament in 2024, now at a record high of 40.6%, a significant jump from 34.2% in 2019. Women now make up a significant proportion of Labour’s Cabinet including Rachel Reeves, Labour’s new Chancellor; Liz Kendall, Secretary of State […]
We have a new Labour government
We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware of What wasn’t included in […]
Newsletter – June 2024
What can you expect from the election and an update to your IW team.