In the history of the UK’s modern economy, few periods have been as turbulent as today. Since 2020, the country has faced one crisis after another – a global pandemic, war in Europe, a cost-of-living crunch, and no fewer than four Prime Ministers – leaving both the public and businesses exhausted. Now, with the 2025 Autumn Budget approaching, uncertainty is peaking again.
Chancellor Rachel Reeves has signaled that significant tax rises are highly likely, as she confronts a massive fiscal challenge. Analysts estimate at least a £22 billion shortfall in public finances that must be filled. No options are off the table – even previous pledges not to raise income tax, VAT or National Insurance may be revisited in light of the “hard choices” ahead.
Complexity creates opportunity for those who can provide clarity.
For business leaders, this creates an extraordinary challenge. Budget changes will affect every individual and every company in the UK. Many firms are still grappling with earlier tax hikes – for example, last year’s budget raised employer National Insurance from 13.8% to 15%, a move industry groups described as “a tax on jobs.” The prospect of further tax increases and policy shifts threatens to stunt growth just as many companies were regaining momentum. In short, there is no “business as usual” in this climate of political unrest and economic uncertainty.
Why Every Business Should Act Now
Every business should be conducting a thorough Budget Impact Assessment right now. The Autumn Budget on 26 November will likely bring changes across a broad range of areas. Key areas to evaluate include:
- Workforce & Talent: Remote and hybrid work arrangements, foreign workers and visa policies, and business travel management.
- Regulations & Standards: Compliance frameworks, operating standards, and professional qualification requirements.
- Trade & Supply Chain: Import/export logistics, tariffs, dispatch, and post-Brexit border processes.
- Taxes & Finance: Corporate and personal tax changes, National Insurance contributions, and cash flow management.
- Technology & Data: Data protection, digital infrastructure, and emerging tech regulations.
Preparing in these areas will help organisations adapt strategy – or even pivot entirely – once the Budget details emerge. A well-planned Budget Impact Assessment can mean the difference between scrambling to react and steering confidently through the storm.
Why Now is the Perfect Time to Become a Consultant or a NED
In turbulent times like these, experienced professionals are worth their weight in gold. Companies are seeking experts who can help them navigate new taxes, regulations, and market conditions. However, many are also tightening budgets and avoiding expensive full-time hires. Instead, they’re turning to independent consultants and Non-Executive Directors (NEDs) who can bring flexibility and insight without long-term overheads.
For senior leaders and board advisors, this is a defining moment. Even in downturns, the need for strong governance and sound strategy doesn’t diminish. Many boards are facing new risks and gaps in expertise – and they’re turning to outside specialists for help.
If you’ve been considering starting or expanding a portfolio career (balancing multiple NED or consulting roles), now is the time to act. By leveraging your experience, you can help businesses navigate change and future-proof your own career.
Be the expert who brings clarity when others see only uncertainty.
Browse all of our NED microcourses here, keep ahead of the curve and industry trends from just £30 per course.
Interested in learning what Actuate can do for you?
Schedule your discovery chat with us!
Blog
Blog
Blog