Sapphire Capital Partners LLP Blog

Budget Watch 2026: Pre-Budget Briefing for EIS and SEIS

Written by Vasiliki Carson | 19 Oct 2026, 09:46:29

On Wednesday 28 October, John Healey delivers his first Budget as Chancellor of the Exchequer.

With headline rates of income tax, VAT and National Insurance ruled out, and the Institute for Fiscal Studies warning that protecting public spending could require about £35 billion in tax rises or savings, attention has turned to taxes on capital and wealth.

These are the four developments we believe EIS fund managers, investors and advisers should watch more closely.