AFB response to UK Autumn Budget 2024

AFB members understand that the Government has had to make difficult choices in light of the weakness of the public finances. The Budget was broadly successful in setting out a plan to balance the aim of improving the public finances and creating the conditions for long term growth. AFB welcomes the cap on corporation tax, the outcome on carried interest as well as the proposed engagement on a new regime for individuals with permanent residence abroad.

AFB believes the tax increases in the Budget need to be complemented by pro-growth measures. International banks are already major investors in the UK, and we look forward to working with the Government to ensure the UK is a great place to invest and grow.