Analysis

What will the Autumn Budget hold for the insurance industry?

By Tim Evershed 2024-09-24T07:00:00

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Measures announced by Chancellor Rachel Reeves at the end of October will undoubtedly impact on the insurance sector in a number of ways – but what are the biggest things to watch out for?

Tax increases are expected to be on the agenda when chancellor Rachel Reeves delivers the Labour Party’s first Budget statement in over 14 years at the end of October.

Reeves has claimed that the Conservatives left a £22bn blackhole in the UK’s finances, while Prime Minster Keir Starmer has warned of a ‘painful’ budget to come when the budget is announced the day before Halloween.

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