The potential Budget measures that London’s small business owners most fear are further rises to employer’s National Insurance, income tax and VAT hikes and increased taxation of pensions, according to new research.
The findings from Novuna Business Finance come as small business confidence falls to a three year low. The percentage of owners predicting growth for the final three months of 2025 has fallen to 36%, its lowest level since the 34% recorded in the first quarter of 2021.
