Budget 2026: what it means for you and your business —

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The 2026/27 economic outlook

Slower growth, stubborn costs — and what it means for your business

The UK will keep growing, but slowly, with inflation rising again and interest rates likely to go up before they come down. We’ve translated the latest forecasts into what matters for owner-managed businesses, landlords, care providers, charities and professional firms — and what to do before April 2027.

1–1.3%

UK growth forecasts 2026

1.2%

Average UK growth forecast 2027

3.5%

Inflation, September 2026

3.75%

Bank Rate today — 4% expected in November

Published 26 October 2026, ahead of the Budget on 28 October. We’ll update it once the measures are announced.

Sources: HM Treasury, ONS, Bank of England and British Chambers of Commerce. See the article for full sources.

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Cut costs today. Be ready for tomorrow.

Chartered since 1947, we help you deploy the right finance tools for your business — not the most expensive ones. We review what you use now, remove duplicated subscriptions and manual workarounds, and build an automated, cloud-based system that lowers your running costs and keeps you ahead of what’s coming, from Making Tax Digital to mandatory e-invoicing in 2029.

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Clients have trusted us for years

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Roderic Rennison
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Holmes Peat Thorpe now part of LMJ Group have been my accountants for over 15 years and I have always been happy with their service and their responsiveness.
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Mike Johnson
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Carol is great. Great knowledge and extremely helpful. Still in the process of trying to resolve an issue with HMRC. But all good so far.
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Paul Doherty
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I have relied on LMJ Group for my company & personal accounts and tax affairs for many years. They are very reliable and thoroughly professional people who have saved me a lot money with their excellent advice. I recommend them whole-heartedly.
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Mark Holt
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We have been clients of HPT for many years, and have always been extremely happy with their service.
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Usman Awan
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Exceptional service! Everyone is professional, detail-oriented, and truly cares about their clients. Highly recommend for anyone seeking professional,reliable and friendly accounting expertise!
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Coaching Development
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Javaria and her team at Holmes Peat Thorpe have supported us well over the years. In particular, Carol, who has been unfailingly helpful and has taken the time to ensure that she has a thorough understanding of our business and clients. She works alongside you, like an extended member of the team, making the whole process far less onerous and time consuming. HPT are a pleasure to be working with!
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Moon Flower
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I have a brilliant experience. Javaria and her colleagues are very experienced and supportive. Thank you so much.
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mark tyrrell
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Terrible accountants! Do not use. They was my accountants for 10+ years no problems, the last 3 years has been awful, The lies are unbelievable and continuous. the mistakes, I’m not an accountant and I can find mistakes, which is scary. They try to charge you for the same thing twice. they can’t keep track of their own accounts. I had to leave them.
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