Here are some important points from the October budget & how they may affect you & your business: The hourly national minimum wage will increase by 3.9% for employees, from 1st April 2027, which will be to 13.21ph for employee’s who are 21 & over For 2027/28, the lower earnings limit for NI, will increase to 6,916 per year The threshold for small business rates relief has been increased, from 1st April 2027 The tax free trading allowance for individuals will increase to 3,000