United Kingdom: Tax rises and temporary relief – Deutsche Bank

Deutsche Bank anticipates around 25–30 policy measures in the Autumn Budget, with modest consolidation and backloaded tax increases. A higher bank surcharge, online marketplace VAT collection and dividend tax hikes are expected to lift receipts by about GBP 4bn by 2031/32. Temporary cost of living and business support will front-load spending, keeping net expenditure only slightly higher than Spring projections.