When Rachel Reeves called the 2024 Autumn Budget a “once-in-a-Parliament reset”, many in the UK’s tech sector breathed a cautious sigh of relief.
The promise was simple: fewer shocks and a framework that businesses could plan around. “We will never need to do another Budget like this again,” Reeves said at a Treasury Committee meeting shortly after the 2024 Budget.
Yet here we are. Fast forward 12 months, and speculation is rife about further tax rises and fresh policy moves. This pattern – policy U-turns and perpetual speculation about future reforms – is quietly corrosive to the very thing the government is striving for: a growing economy.
With the 2025 Budget now just weeks away, “uncertainty” has become a watchword for founders and investors. Reeves’ pre-Budget speech only intensified matters, sparking fresh concerns around income tax changes and spending cuts….
