26/10/2026
The Budget is on Wednesday. Between now and then you will read a lot of confident sentences that begin with “could”, “reportedly” and “sources say”.
Here is what is actually confirmed. The date, Wednesday 28 October, with the Office for Budget Responsibility's independent forecast published alongside it. The Chancellor has said it will stay within the government's borrowing rules and keep some money back for shocks. Two business measures are already known: VAT on household electricity has been cut to 0% from 1 October until the end of March 2027, and pubs, social clubs and live music venues in England get a further 20% off their business rates from April 2027, and we're expecting more detail on Wednesday.
What I will be watching for owner-managed businesses: the minimum wage rates for April 2027, whether the 5p fuel duty cut is extended beyond 31 December, anything on how directors take money out of their companies, business rates relief, and the pensions and capital gains headlines.
What to ignore: everything else, until the official documents are published. Most rumours never make it into the Red Book, and a decision made this week on a rumour is a decision made on nothing.
I will post a plain-English summary on Thursday. If something in it touches your business, you know where I am.
Sarah