Aesthetics looks at what the Autumn Budget means for clinic owners.
Last month saw the Labour Government’s first budget in over a decade. While the budget aims to boost the economy through new strategies and invest in public services, many small business owners, including those in the aesthetics specialty, may face mixed impacts. Key budget measures such as National Insurance adjustments for employers, business rates relief, wage increases and digital tax initiatives may affect clinic operations, staffing and financial planning.1
Aesthetics spoke to business consultants Sue Thomson and Alan Adams to find out how the specialty might be impacted, and what people can do to help navigate these changes.
Impact on profitability
The budget outlined National Insurance changes, which will see the increase of employers’ contributions from 13.8% to 15%, as well as the threshold for paying National Insurance being lowered from…
