Autumn Budget 2026: Summary for Private Client Practitioners

Autumn Budget 2026: A Budget of Omissions

Chancellor John Healey delivered the first budget of Andy Burnham’s government on 28 October 2026, which he positioned as “a Budget that will deliver breathing space”. He seeks to fund this breathing space by taxing (amongst others) banks, gambling companies and vape shops, and by introducing many small measures.

For private client practitioners, however, significant features of the Budget extend to what has not been included, such as no increases to the main capital gains tax rates, no material changes to inheritance tax, and no hint of a Wealth Tax.

Stephen Woodward and Zara Yusuf have summarised the key points for Private Client Practitioners: