Autumn Budget. Part 2: how it will affect employers

The 2024 Autumn Budget delivered by chancellor Rachel Reeves has sparked much discussion about changes that affect both large companies and small business owners. While many have focused on measures for individuals (such as pensions and capital gains tax), this article explains how the Budget will impact businesses. In particular, it covers changes to national insurance contributions (NICs) and the national living wage, and offers simple strategies for managing these rising costs. Whether you're an experienced entrepreneur or just starting your business, this article will help you understand what the changes mean and how you can plan for them.