UK Budget 2026: What You Need to Know

Today, Chancellor John Healey delivered the Autumn Budget, outlining a range of measures aimed at easing the cost of living, supporting businesses and encouraging economic growth. Here are some of the key announcements that could affect you, your business and your finances.

Business Rates

The threshold for small business rates relief in the retail, hospitality and leisure sectors is increasing from £12,000 to £18,000. This could mean lower costs for eligible businesses, helping ease pressure on the high street.

National Minimum Wage

Minimum wage rates are set to increase by 3.9%, which could affect payroll costs for employers. Businesses should review their budgets and ensure payroll systems are updated when the new rates take effect.

Energy Bills

Measures include a £100 energy payment for around 20 million households in council tax bands A–D, alongside changes to energy-related charges intended to help reduce household bills.

Savings and ISAs

The annual cash ISA allowance will remain at £20,000, rather than being reduced to £12,000 as previously planned. However, from April 2027, tax rates on savings and property income will increase by two percentage points, making it important to review your personal tax position.

Fuel Duty

The planned January fuel duty increase has been cancelled, extending the freeze and providing some relief for motorists and businesses that rely on vehicles.

What Does This Mean for Your Business?

Changes to wage costs, business rates and taxation could influence cash flow, profitability and financial planning. Understanding how these measures apply to your circumstances will be key to making informed decisions.

At Branston Adams Accountancy & Business Advisors, we know that keeping up with tax and financial changes can be challenging. We’ll continue to monitor the announcements and help our clients understand what they mean in practice.

Have questions about how the Budget could affect you or your business? Get in touch with our team to discuss your circumstances.

Please note: This is a summary of selected announcements. Eligibility, implementation dates and the final impact will depend on the detailed rules and individual circumstances.