October 21, 2025

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Steven Swinford, Political
Editor

Tuesday October 21 2025,

6.00pm, The Times

Budget

Economics

MK VIDEO

Tax raid on solicitors and GPs
as Rachel Reeves targets
wealthy

The chancellor considers the national insurance exemptions offered by
limited liability partnerships to be unfair, and will use her budget to
change the rules

exEW

S

The £2bn lawyer tax – should Rachel Reeves tax LLPs?

Doctors, lawyers, accountants, fund managers, and other high earning professionals are often members of partnerships and LLPs. They’re not employees

21 October 2025