When Rachel Reeves referred to as the 2024 Autumn Funds a “once-in-a-Parliament reset”, many within the UK’s tech sector breathed a cautious sigh of aid.
The promise was easy: fewer shocks and a framework that companies might plan round. “We are going to by no means have to do one other Funds like this once more,” Reeves mentioned at a Treasury Committee assembly shortly after the 2024 Funds.
But right here we’re. Quick ahead 12 months, and hypothesis is rife about additional tax rises and contemporary coverage strikes. This sample – coverage U-turns and perpetual hypothesis about future reforms – is quietly corrosive to the very factor the federal government is striving for: a rising economic system.
With the 2025 Funds now simply weeks away, “uncertainty” has grow to be a watchword for founders and buyers. Reeves’ pre-Funds speech solely intensified issues, sparking contemporary considerations round revenue tax adjustments and spending cuts….
