Autumn Statement 2025
Small and Medium-Sized Enterprises (SMEs) are a cornerstone of the UK economy, yet they continue to operate in an environment marked by rising employment costs, frozen thresholds, and uncertainty around tax reliefs. These factors have contributed to increased caution among business owners, with many delaying investments, limiting recruitment, and closely monitoring cashflow. This report brings together expert analysis from across Sumer to assess the outcome of the Autumn Budget for SMEs. Drawing on our experience supporting more than 60,000 SMEs nationwide, we provide insight into the challenges businesses face and the opportunities that targeted policy measures could unlock. Predictable, practical policy remains essential for enabling SMEs to plan effectively and invest with confidence. The insights presented here aim to inform decision-making and support strategies that strengthen the UK’s business landscape.
James Taylor
CCO Sumer
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