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Great British Summer Savings: What the Chancellor’s May 2026 Statement Means for SMEs

The Chancellor’s May 2026 statement offers a mix of short-term relief and longer-term reform for SMEs.

The mileage allowance increase and fuel duty freeze should ease cost pressure straight away, especially for firms with mobile teams or transport-heavy operations. The temporary VAT cut may also create a useful summer boost for hospitality and leisure businesses.

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Bookkeeping, Business Finance Wiebke Rowland Bookkeeping, Business Finance Wiebke Rowland

Why Your Small Business Should Use an AAT Licensed Bookkeeper

As a small business owner, you understand the importance of keeping your books up-to-date and accurate. However, bookkeeping can be time-consuming and challenging, especially if you're handling it alone. That's where professional bookkeepers come in - they can help you stay on top of your finances, meet important deadlines, and make informed decisions about your business.

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