Commenting on the 2025 Autumn Budget, Marco Amitrano, Senior Partner of PwC UK, said:
“The full impact of the Budget will take time to unfold, but what business needed most was clarity that helps create stability. The extent of pre-Budget speculation had been particularly unhelpful.
"It’s encouraging that some of the anticipated tax rises on business didn’t materialise. And while measures like the freeze in income tax thresholds will ripple across the economy, companies now have a clearer line of sight to plan, invest and get moving at pace again.
"Whether this unlocks a step-change in investment will depend on whether business believes the tax system is stabilising. That stability matters - because when firms invest with confidence in areas like technology and critical skills, productivity rises, fiscal headroom grows, and pressure for further tax increases will ease.
"From speaking to many CEOs over recent weeks, we know that business is keen to move forward. The focus now must shift from the Budget itself to a sustained programme for growth.
"The additional headroom revealed today offers cautious optimism that we won’t find ourselves back in the same position next year. The task now is to turn this moment of clarity into momentum.”
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