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UK economy grows, but tax jitters hit business confidence

Written by: Sania Zahra

Reviewed by: Fahad Lateef

Updated on September 17, 2025

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The UK economy may look like it’s picking up speed. In the second quarter, GDP rose by 0.3%, a sign that things are moving in the right direction.

But whilst the numbers sound positive, business confidence is still shaky. And tax fears are at the heart of it.

A new CBI survey paints a worrying picture. The manufacturing sector shows a balance of -33% for total order books. Behind the headline growth, businesses like yours are bracing for impact.

With the Autumn Budget announcement just around the corner, one thing is certain: you will face new tax challenges.

Why You Should Worry About Taxes

Big tax changes make it hard to plan for the future. You do not know how much money you will have to set aside or what your costs will be next year. This is why many businesses are holding back on making big decisions, like hiring new staff or investing in new equipment.

Speculation around the Autumn Budget includes:

Corporate Tax Adjustments: The possibility of new or adjusted tax rates for corporations could impact profitability and investment returns.

Capital Gains Tax (CGT): Changes to CGT rules are frequently discussed, which could affect asset disposals and overall investment strategy.

“Stealth Tax” Measures: The continuation of policies like the freezing of income tax thresholds and allowances is expected, effectively increasing the tax burden on a wider range of individuals.

Do Not Let Taxes Eat Away Your Business Confidence

This uncertainty should not stop your business from growing. But you also should not ignore it. Now is the perfect time to get your financial house in order.

At Legend Financial, we specialise in helping businesses like yours prepare for moments like this. We’ll help you look at your finances in a new way.

Let us:

Check your current tax situation to see where you might be at risk.

Create a financial plan that considers what new taxes might be coming.

Find new ways to save money and grow your business, no matter what happens.

A little planning now can save you a lot of stress later.

Reviewed by:

Fahad Lateef

Fahad is a Chartered Certified Accountant (ACCA), proficient in numeracy and impassioned with giving concise advice to a wide range of clients related to different industries. With an immense experience of over a decade, he has worked as an advisor on different projects run by audit giants like Deloitte and others. He is a firm believer in mutual growth and an established culture of embracing change.

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Fahad Lateef

Fahad is a Chartered Certified Accountant (ACCA), with a motto “When “why” is clear, “how” is easier”. He is proficient in numeracy and impassioned with giving concise advice to a wide range of clients.

Junaid Usman

Junaid has been instrumental in the achievement of our success across various regions and he specialises in business management, accounting and tax advisory services.

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Faizan is good at providing well-thought-out strategies and solutions to complex problems in Business Development which makes him a proficient overseer of our clients.

The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.