Small business owners 'fear consequences of Budget announcements'

29 Oct 2025

Research carried out by Novuna Business Finance has suggested that eight in ten small firms are worried about the impact of the upcoming Autumn Budget announcements.

The research found that 86% of small business owners are fearful of the possibility of Autumn Budget announcements negatively impacting their growth outlook and finances.

Novuna Business Finance encouraged Chancellor Rachel Reeves to ensure the Autumn Budget on 26 November is 'a Budget for business'.

Commenting on the findings, Jo Morris, Head of Insight at Novuna Business Finance, said: 'The looming Autumn Budget is a concern for many, as there has been a lot of speculation about possible tax rises.

'We need to see a reversal of the fall in small business growth forecasts we have seen over four consecutive quarters – and all eyes will be on the Autumn Budget for the stimulation package that many small business owners are crying out for.'