Buckle up for the 'Big Show' coming on 30 October

'Speculation mounts before every Budget but this time it feels different'

clock • 5 min read

Given the scale of the government's predicament, nothing should be considered off the table in Rachel Reeves' first Budget speech, writes Alex Ranahan

I'm sorry to disappoint if you think this is about someone called Taylor Swift. Or an Eve of Halloween alert about trick-or-treating hazards. As for the US election spectacle due a few days later, no comment from me. No, what I want to share with you is a general warning leading up to the forthcoming event when chancellor of the Exchequer Rachel Reeves stands up in the House of Commons on Autumn Budget Day 2024. Since our general election, we've been waiting a long time to learn how the new Labour government intends to tackle the apparently deep chasm in the nation's finances. We d...

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 liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read
Advisers urged to review legacy files after Court of Appeal IHT ruling

Advisers urged to review legacy files after Court of Appeal IHT ruling

HMRC is considering its next steps

Isabel Baxter
clock 28 July 2026 • 4 min read
Burnham U-turns on income tax allowance increase suggestion – reports

Burnham U-turns on income tax allowance increase suggestion – reports

Any change would be ‘difficult given the financial circumstances’

Isabel Baxter
clock 22 July 2026 • 2 min read