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Welcome to the Autumn Budget 2024, where we’ll be keeping you up to date on the announcements affecting small businesses.
Chancellor Rachel Reeves is unveiling her first Budget, with little revealed so far. However, it has been reported that tax cuts and spending rises could total up to £40 billion.
You can watch the Budget on BBC iPlayer, the BBC News website or on parliamentlive.tv
Autumn Budget 2024 and how it affects small businesses
National Minimum Wage increase
Before the Budget, Labour confirmed that the National Minimum Wage would be increasing by £12.21 (a 6.7 per cent increase) for adults over 21 from April 2025. For 18-20-year-olds, the minimum wage will go from £8.60 to £10. Meanwhile, apprentice wages will rise from £6.40 to £7.55 per hour.
Autumn Budget 2024 live blog
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Read more on Autumn Budget 2024
Autumn Budget 2024 – what’s in it for small businesses? – Ahead of the Autumn Budget 2024, we take a look at the announcements that Chancellor Rachel Reeves might make that affect small businesses
