In this episode of The Pet Accountant Podcast, Vicky and Lee unpack the 2026 budget announcement and explain how the changes will affect everyday people, small business owners, and pet professionals across the UK.

They share their frustrations with the government’s approach — particularly the decision to freeze tax thresholds while increasing the minimum wage. Although the wage rise sounds positive, Vicky and Lee explain how frozen thresholds actually push people into paying more tax, wiping out a large part of any pay increase.

They also explore how the budget impacts middle-income earners, who seem to be carrying the heaviest financial burden with little support. From higher employer national insurance contributions to the ripple effect this will have on prices, the pair discuss what this really means for workers and business owners.

The episode also delves into the knock-on effects for limited company directors, who will face increased dividend taxation, and landlords, who continue to see rising fiscal pressures. Vicky and Lee’s honest, practical perspective helps listeners understand what’s changing, why it matters, and how to prepare.

💬 Key Takeaways

• The 2026 budget will hit many working individuals hard, especially those on middle incomes.
• Frozen tax thresholds mean people will pay more tax as wages increase over time.
• Employers will face higher national insurance costs, which may lead to higher consumer prices.
• Limited company directors will see an increase in dividend tax rates, adding further financial pressure.

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