With the Autumn Budget set for 26th November, we wanted to share some early thoughts on what may be on the horizon — and how we at Raymond James, Hitchin are preparing to help you navigate any changes with confidence.

While the headlines continue to focus on record highs in the FTSE 100, the reality for many UK households and smaller businesses remains more mixed. Inflation has proved stubborn, interest rates are still relatively high, and borrowing costs have placed added pressure on growth. As a result, Chancellor Rachel Reeves faces a delicate balancing act: stabilising public finances while supporting the economy and avoiding shocks to consumer and investor confidence.

What We’re Watching Closely

There are a few key areas that we’ll be paying close attention to when the Chancellor delivers her statement:

1. Tax changes
With the public finances under pressure, reports suggest the government may look to raise additional revenue — possibly through targeted tax increases or adjustments to thresholds. While nothing is confirmed, this could include tweaks to Capital Gains Tax, Inheritance Tax, or higher income tax brackets.

2. Interest rates and inflation
Although inflation has started to ease, the Bank of England remains cautious. Rates are expected to stay higher for longer, which affects borrowing, mortgages, and savings returns. We’ll be watching closely for any signals on how government policy may influence future rate decisions.

3. Pensions and ISAs
These remain two of the most valuable tools for long-term planning and tax efficiency — and we know recent headlines have caused concern about potential changes.
Our view is that the government recognises how important these are in encouraging investment and saving for retirement. We’ll be watching carefully for any adjustments, but we expect their core benefits to remain.

If you haven’t reviewed your pension or ISA allowances recently, now is an excellent time to ensure you’re making the most of these opportunities.

4. Support for business growth
With productivity forecasts expected to be downgraded, we may see new incentives to encourage investment and innovation — particularly for SMEs and regional businesses. Any announcements in this area could influence business owners’ planning for 2026.

5. Public spending and the national debt
The UK’s borrowing costs and government debt levels remain under scrutiny. Markets will be sensitive to how the Chancellor balances fiscal discipline with social spending. We’ll be keeping a close eye on any impact this has on bond yields and long-term investments.

Our Advice for the Months Ahead

At times like these, it’s easy for headlines to create uncertainty. Our advice — as always — is to focus on what you can control:

• Stay diversified – A well-balanced portfolio is your best defence against short-term volatility.
• Think long-term – Economic shifts are cyclical. Your plan is designed to weather ups and downs.
• Make use of tax shelters – Continue using pensions and ISAs to make the most of available tax advantages.
• Talk to us – If you’re unsure about the impact of rising rates, tax policy, or upcoming spending plans, we’re here to help you make calm, informed decisions.

In Summary

The coming months may bring change, but our approach remains the same: proactive, steady, and focused on your goals. Whether it’s adapting to new tax measures, reviewing your investment strategy, or planning ahead for 2026, we’re here to guide you every step of the way.

We’ll be reviewing the Budget in detail and will share our insights shortly after it’s announced — outlining what it means for you and how we can adapt your plans where needed.

If you have any questions before then, please don’t hesitate to contact us.

Warm regards,
Susie and Faye
Raymond James, Hitchin

*Risk Warning: The value of investments can go down as well as up, and you may not get back the amount you originally invested. This newsletter is for informational purposes only and does not constitute financial advice. You should seek advice from a qualified professional before making any investment decisions. Raymond James Investment Services Limited is authorised and regulated by the Financial Conduct Authority.