The timing of this year’s Scottish Budget announcement was later than usual because of the UK Chancellor’s decision to delay her Autumn Budget until 26 November 2025. The Scottish Government was critical of Rachel Reeves’ procrastination, with Finance Secretary Shona Robison saying that Westminster had left Scotland “as an afterthought”. The Scottish Budget
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From all of us here at Thorntons Wealth, we would like to wish you a Merry Christmas and Happy New Year. We wish you and your loved ones a very safe & happy festive period. Thank you for your continued support over the past year, and we look forward to working with you in 2026.
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You could be forgiven for thinking that the run up to Rachel Reeves’ second Budget got underway in early summer. It was in June that the government climbed down on the winter fuel payment, while July saw cuts to disability benefits abandoned. Together those U-turns created a fiscal hole of around £6 billion by 2029/30….
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Each year our staff choose a charity to support with various fundraising activities throughout the year. This year, we are very pleased to be supporting MND Scotland. Motor Neurone Disease is a fatal, rapidly progressing neurological condition affecting up to 5,000 adults in the UK at any one time. The condition attacks the nerves, leaving…
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In mid-March 2024, the then Shadow Chancellor, Rachel Reeves gave the Mais lecture to the good and the great of the City. In it she set out her broad fiscal framework, including goals to: • Balance the current budget, i.e. match day-to-day government expenditure with revenues; and • Have a single fiscal event (i.e. Budget)…
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After more than three decades of providing expert financial advice, Andrew Hannay has retired. A retirement celebration was held at our Melville Street, Edinburgh office with colleagues, clients, family and friends. Throughout his career, Andrew has guided countless individuals and businesses through their financial planning, often building lifelong relationships with clients who have become friends…
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April each year is Earth Month, with Earth Day taking place today, April 22nd. This is all about raising awareness and encouraging action to support environmental projects and initiatives. But, if we are serious about combating climate change and its impacts, then more and more of us need to get on board and actively engage….
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The early trailers in January 2024 for what is probably Chancellor Jeremy Hunt’s last ‘fiscal event’ featured Prime Minister Rishi Sunak promising “more to come” on tax cuts. At the time, Mr Sunak’s bullish viewpoint puzzled some commentators because the Treasury had yet to receive even an initial assessment of the UK’s financial health from…
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We arranged for a photographer to attend our Dundee office in December to take a team photograph as we wanted to help clients see the support that is available to them across our team. Not everyone was available to attend for the photograph due to remote working or holidays however we managed to capture most. …
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The final article in our series of Tax Planning Tips 2023/24. To see how we can help, please click here to get in touch. Feed employees with free or subsidised food in a staff canteen. Where the food is available to all employees, or all who work at a particular site, there is no…
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