The Post-Budget Forum: Whitings LLP x Taylor Rose Solicitors

We recently visited the offices of Taylor Rose Solicitors to co-host a Post-Budget Forum at their Peterborough office on 18 November 2024, overlooking the fabulous Ferry Meadows country park.

At the event Nicholas Johnson, Partner at Taylor Rose and I lead the discussions with those in attendance from the local business community, professional advisors and interested parties.

Some Key Points Discussed Include:

• Employer’s National Insurance Contributions,
• Inheritance Tax Reliefs,
• Changes to Stamp Duty Land Tax (SDLT) and the Property Market,
• Affects and Opportunities for Businesses.

We touched on some of the highlights from the recent Budget. This included the rise of employer’s National Insurance and the immediate effect that this has had with businesses. We also considered how this is likely to affect them going forward, in terms of:

• Additional costs,
• Recruitment plans,
• Raising finance
• Business structures.

Discussions moved on to the changes to the Inheritance Tax (IHT) reliefs which are due to come into effect from both April 2026 and April 2027, with these changes affecting not only the farming industry, but also other businesses and individuals.

We were talking about how the changes to Stamp Duty Land Tax (SDLT) will affect the property market. This included the implications have already been seen with lending rates and how things are being perceived on a short and medium-term basis.

It was interesting hearing from those who will be affected by this Budget and the opportunities that will also come from the announcements.

Our Final Thoughts

This post-Budget forum was a great opportunity to join forces with the team at Taylor Rose Solicitors and to discuss what matters to both businesses and individuals most at this time. We got to share ideas, opinions and insights following the Budget from different points of view. We look forward to more joint ventures in the future with Taylor Rose Solicitors and thank them for welcoming us to their wonderful office.

Get In Touch

This is a brief overview of the topics that we discussed. Therfor, if you have any questions or concerns about how the Budget will affect you or your business, we encourage you to reach out to your local Whitings LLP office today.

Click here to find out more about Taylor Rose Solicitors

Disclaimer - All information in this post was correct at time of writing.