Following the Autumn Budget The Heritage Alliance (THA) has developed a briefing providing an analysis of the most significant announcements within the budget for our sector.
THA writes:
…
Key Announcements Include:
- The National Living Wage (NLW) will increase by 4.1% to £12.71 and the National Minimum Wage (NMW) will increase by 8.5% to £10.85 per hour.
- Full funding for apprenticeships for eligible people under 25 in small and medium sized enterprises.
- Recruitment of an extra 350 planners in England.
- A new Local Growth Fund and Mayoral Revolving Growth Fund to unlock place-based investment.
- New powers for Mayors to create Overnight Visitor Levies.
- A ‘High Value Council Tax Surcharge’, with charges from £2,500-£7,500 per year for properties valued over £2m.
- Permanently lower business rates for retail, hospitality and leisure businesses, offset by higher rates for properties with a rateable value over £500k.
- A new spousal transfer for the £1 million IHT relief on agricultural property and business property.
For a deeper dive into the themes of the budget, see our member events section for details of two opportunities to share and learn more about this fiscal event. We will continue making the case to government for fiscal and regulatory support for our sector as we look ahead to 2026 and a new parliamentary session following the King’s Speech in spring…
We would value our members’ views on any additional impacts not captured here, or insights into how you foresee your organisation might be affected. We will be briefing DCMS in detail next week.
Read THA’s Backing the Bedrock
