Reeves has 'huge opportunity' to reform taxes in Autumn Budget

‘Frankly, it’s become quite desperate’

Isabel Baxter
clock • 4 min read

Chancellor Rachel Reeves has a “huge opportunity” to reform taxes in the Labour government’s Autumn Budget, tax experts have shared with the Treasury.

Speaking in the first of the Treasury Select Committee's (TSC) evidence sessions looking at some of the biggest issues facing the chancellor ahead of her 2025 Budget, a panel of tax specialists unpacked the tax options available to the chancellor, including their potential impacts on behaviour and the amount of revenue they might raise.  Institute for Fiscal Studies director Helen Miller noted that Reeves faces a couple of big judgements when it comes to potential tax rises and changes. "One is the uncertainty about the size of the gap, and the other is uncertainty about the size of t...

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

IHT on pensions changes slammed as 'unworkable' - PIMFA

IHT on pensions changes slammed as 'unworkable' - PIMFA

Risk creating serious problems for bereaved families, trade body warns

Isabel Baxter
clock 24 September 2025 • 4 min read
IHT receipts rise again to £3.7bn as Autumn Budget looms

IHT receipts rise again to £3.7bn as Autumn Budget looms

Up £190m year-on-year amid government’s ‘fiscal bind’

Isabel Baxter
clock 19 September 2025 • 4 min read
HMRC continues to see raft of pension tax overpayment claims

HMRC continues to see raft of pension tax overpayment claims

Claim numbers hit 12,767 in second quarter

Isabel Baxter
clock 30 July 2025 • 2 min read