Dr Alan Kirkpatrick of Bournemouth University’s Faculty of Business & Law organized an event on 10th December 2025 to review, analyse and consider the implications for business of the ‘UK Autumn Budget 2025’. Forvis Mazars the major professional services and accountancy firm supported the event attended by a wide variety of participants including owner-managers of SMEs, professional advisors and students, all enjoying presentations by an array of experienced experts.
Alan Kirkpatrick, a Chartered Accountant and expert in business taxation with a PhD in Accounting and Finance, and with many years of academic research experience, was joined by: Richard Teather, an Associate Director in the National Tax Team of Forvis Mazars; James Wallis, a Chartered Accountant and former Vice President of ICAEW Southern, currently running a consultancy servicing high growth companies as well as a business specialising in raising debt finance for large scale real estate transactions; and Marcjanna Augustyn, a professor of management who leads BU’s Centre for Sustainable Business Transformations (CSBT).
A Tale of Two Budgets
The title for the event might have been “a tale of two budgets” in the words of Alan Kirkpatrick who opened the discussion by providing an overview of the issues facing the Chancellor of the Exchequer for the 2025 Budget as well as the earlier 2024 Budget, highlighting the critical balance between the public spending challenges and the available sources of tax revenues along with other potential funding sources including the international debt markets. In November 2025 the UK’s Office for Budget Responsibility (OBR) forecast total public sector managed expenditure of £1,370 billion in 2025/26 and £1,416 billion in 2026/27 against forecast tax revenues and public sector receipts totalling £1,232 billion in 2025/26 and £1,304 billion in 2026/27. It will take some time to analyse the effects of some of the tax measures announced in 2024 and 2025 as the impact becomes more observable through 2026 and beyond. The international and national investor perception of the attractiveness of the UK as a business location remains on the policy agenda but confidence levels can be negatively influenced by anticipated tax increases.
James Wallis contributed further insights with a view from industry, by referring to the important matter of business confidence (referring to the ICAEW’s Business Confidence Monitor), early reactions to the 2025 Budget and potential risks including stubbornly high funding costs going forward. UK productivity remains weak by historic and international standards.
Richard Teather provided an analysis of some of the key business tax planning implications anticipated to arise from the UK Budgets of 2024 and 2025 as announced changes take effect. Some tax measures may have a significant impact: examples are the freezing of Income Tax thresholds until April 2031, increased Employer National Insurance contributions, and restrictions on business and agricultural reliefs for Inheritance Tax.
Marcjanna Augustyn provided a very valuable commentary on aspects of economic and sustainability policy. The Budget of 2024 announced ‘Green Economy’ measures to be supported by the newly formed National Wealth Fund, but there were far fewer references to promotion of the UK’s sustainability policy in the Budget of 2025. The UK Sustainability Policy for business remains a complex balance between increased costs and more reporting obligations versus incentives and investment opportunities.
How to achieve business confidence and economic growth?
The presentations were followed by a lively discussion and enthusiastic debate of the issues raised by participants. By the close, it was evident that many participants feel there is still uncertainty about how the UK is going to perform in 2026 and beyond. There will be a continuing need to monitor economic developments and business prospects in the UK. There are question marks over economic growth and business confidence that seem likely to remain a feature of discussions in 2026. Even by the time of next year’s Budget some of the analysis of an accumulation of tax measures will entail applying the art (and science) of economic forecasting. Good luck in the meantime and see you for more debate next year after ‘UK Budget 2026’!








The event in Westminster Palace focused on ‘Wounds Beyond War: Sexual and/or Reproductive Violence as Means of Genocide’. On invitation by Baroness Kennedy of the Shaws LT KC, the International Bar Association’s Human Rights Institute, British Group Inter-Parliamentary Union, and the Coalition for Genocide Response, powerful testimonies and interventions were made by Alisa Kovalenko, survivor of Conflict Related Sexual Violence in Ukraine; Rahima Mahmut, Uyghur human rights defender; Melanne Verveer, Former United States Ambassador-at-Large for Global Women’s Issues; and Christina Lamb, Sunday Times foreign correspondent and author of ‘
missing persons, it was heartening to visit the 


























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