Finance expert’s 3 steps to take before October 2024 budget that could shield savings, pension and income
manchestereveningnews.co.ukChancellor Rachel Reeves’ first autumn statement in office is due on October 30th and following her controversial Winter Fuel Payment changes, many households are fearing the worst.
The government has promised not to increase income tax, National Insurance, VAT and the headline rate of corporation tax as well as pledging not to “raise taxes on working people”.
However, one expert has spoken out against this highlighting that the seemingly reassuring statement is a “carefully worded promise” leaving a number of other options for the Chancellor to cut costs and public contributions.
Jason Hollands, Managing Director at leading wealth management firm Evelyn Partners, claimed Sir Keir Starmer’s warning of “pain” and “difficult choices to come” has essentially confirmed the “inevitability of some tax rises”.
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