Autumn Budget 2024: Key tax predictions for innovative companies and startups
Alex Hannaway
October 11, 2024
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The Impact of the Autumn Budget 2024 on Innovative Companies and R&D
Yesterday, Chancellor Rachel Reeves presented Labour’s first Autumn Budget since returning to power, addressing the UK’s £22 billion fiscal shortfall with a balanced approach of cost-saving measures and strategic investments. With £100 billion allocated for R&D, infrastructure, and technology over the next five years, the Budget aims to drive growth while maintaining stability. For innovative companies, the unchanged R&D tax relief provides a much-needed respite from recent reforms, allowing companies to confidently use these incentives to support growth. Additionally, changes ...
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