Autumn Budget 2021

Budget 2021: spend, spend, spend

Published: 28 Oct 2021 Updated: 13 Jun 2022

Budget summary:

  • Chancellor Rishi Sunak decided to spend rather than save in the Autumn Budget with an extra £150 billion for public services.
  • Businesses saw the welcome extension of the increased annual investment allowance of £1 million to 2023, alongside changes to research and development tax relief.
  • The much-anticipated rise in Capital Gains Tax did not materialise, with no further changes to Income Tax beyond the previously announced 1.25% increase to dividend tax rates and NIC.
  • The Office for Budgetary Responsibility upgraded the UK’s economic growth forecast to 6.5% from 4%, but higher inflation may be the sting in the tail.

View Budget commentary


This article was previously published on Tilney prior to the launch of Evelyn Partners.