PA360 North: Budget could see Labour make 'controversial decisions'

Government not afraid to make contentious changes

Jenna Brown
clock • 1 min read

The Labour government is not afraid to take controversial decisions therefore advisers should brace themselves for a range of possible tax changes in the upcoming Budget, delegates heard.

Speaking at PA360 North today (1 October), AJ Bell head of public policy Rachel Vahey outlined numerous potential tax changes the chancellor could unleash on 30 October. She said both capital gains tax (CGT) and inheritance tax (IHT) were always "firm favourites" for pre-Budget speculation on changes and advisers should keep these in mind ahead of chancellor Rachel Reeves' speech. Vahey added: "The government is not a scared government. They already brought in winter fuel payments. They are not afraid to take controversial decisions. They are in a very confident position." The poli...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Tony Müdd: The chancellor has fewer choices than you think

Tony Müdd: The chancellor has fewer choices than you think

'Do not sell an asset simply because newspapers have rediscovered CGT'

Tony Müdd
clock 03 September 2026 • 5 min read
Warnings of tight timetable as HMRC sets out pension IHT process

Warnings of tight timetable as HMRC sets out pension IHT process

‘A very short timescale for such a significant change’

Isabel Baxter
clock 01 September 2026 • 4 min read
News editor's view: The IHT effect

News editor's view: The IHT effect

The news editor's Friday Night Takeaway from 28 August

Isabel Baxter
clock 28 August 2026 • 3 min read