James Sinclair's Business Broadcast Budget Reaction - Chaos or Opportunity for UK Business?
Nov 27, 2025
In this engaging discussion, chartered accountant John Holliday, known for his expertise in supporting SMEs, joins Stuart Davies from Grant Thornton, a corporate finance guru. They break down the latest UK budget, examining its impact on cash flow, taxes, and hiring. Stuart emphasizes how budget stability boosts M&A activity, while John outlines the new tax changes affecting property income. The duo also tackles the practicality of offshoring for entrepreneurs, and they share insights on navigating upcoming financial challenges with optimism.
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Behavioural Taxes Break Demand
- VAT rises or similar taxes that change customer behaviour are the most dangerous because they reduce demand.
- James warns taxes that shift behaviour can collapse whole business models in hospitality and leisure.
Get Expert Advice Before Doing An EOT
- If you're considering an Employee Ownership Trust (EOT), get specialist tax and valuation advice before you proceed.
- Stuart and John explain EOTs require careful funding plans because vendor loan notes can burden sellers and the business.
EOT Tax Break Changed Immediately
- The EOT tax change applies immediately and halves the zero‑rate benefit so only 50% of the gain remains tax-free.
- Stuart quantifies the new effective tax as about 12% on typical EOT structures because half the gain faces 24% CGT.