A tax-raising budget is on its way – what could it mean for doctors?

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By Andy Pow

This year's budget, set for Wednesday 26 November, could produce some sizeable changes to taxation for doctors. Chancellor Rachel Reeves has faced a stagnant UK economy with inflation stubbornly higher than planned for.

The government has also had to U-turn on some key benefits policies, which means that the money flowing into the Treasury is insufficient to cover expenditure, and Reeves has already set out the need to raise tax in the budget. Labour's manifesto at the last election said that they would not increase income tax, National Insurance or VAT rates, which limits where tax can be raised from.

Speculation prior to a budget can always be risky - particularly as the government often floats ideas through various press sources to test the market. This time round, speculation has been more rife than ever and in this article we set out some of the areas that could potentially impact doctors.