Smoke without fire? Budget 2025 predictions
 There is no doubt that Rachel Reeves’ first Budget in October 2024 drew sharp intakes of breath, as we listened to the tax rises and changes, writes Robert Leggett, Corporate Tax Partner, Ensors (part of Azets). Most notable were the increases in employer’s NIC (blamed by many for our low growth and rising inflation), increased CGT rates, and restrictions placed on Inheritance Tax, Business Property Relief and Agricultural Property Relief from April 2026.