UK SMEs brace for Budget impact as 70% fear tax rises, 46% predict a bad Budget, and many cut costs or freeze hiring amid economic uncertainty.
Business theme
rim
URL section
wealth-management
Tamarin Pon
Investment Manager
Louisa Braywood
Assistant Investment Manager
30 October 2025
Cuts to pension tax relief risk £50bn loss of investment
Rathbones warns pension tax relief cuts could drain £50bn from UK funds, hurting investment, growth, and future retirement savings.
Lee Crowe
Business Development Director
Gabbie Northend
Assistant Investment Manager
Jamie Cox
Senior Investment Director