The 2024 Autumn Budget will be announced in parliament today by Chancellor Rachel Reeves, and it could have huge repercussions for West Ham United.
Rachel Reeves’ 2024 Budget will be the first one that the Labour Party has delivered in 14 years.
And those in high places at West Ham may well be wishing that the Tories were still in power…
Reeves is expected to announce some sweeping changes including adjustments to things like minimum wage and NHS funding, and major tweaks to borrowing and income tax.
David Sullivan will be anxiously awaiting the official confirmation of the Chancellor’s 2024 Autumn budget.
The because the Hammers co-owner faces a big bill, if Reeves delivers the budget that many expect her to…
Budget 2024: How Chancellor Rachel Reeves could cost West Ham £3m
Bad news may well be lying ahead for West Ham it seems.
It is being suggested that Chancellor Rachel Reeves is increasingly likely to raise the National Insurance contributions for employers, when she announces her 2024 Autumn Budget to parliament today (Telegraph).
And Hammers insider Sean Whetstone – a close ally of co-owner David Sullivan, has highlighted how that could affect us as a club.
Whetstone took to his X account, and explained how West Ham may have to pay up to £3 million extra in addition tax per annum:
That doesn’t sound like good news at all does it, with the Hammers’ budget said to be already ‘fully allocated’.
With the well dry so to speak, the last thing West Ham needed is further outgoings being added to the accounts after the 2024 Budget is announced by Rachel Reeves.
That said, £3 million is a splash in the ocean for a Premier League football club isn’t it, especially when you consider the money we’ve wasted on some players throughout the years!
Hopefully the National Insurance contributions for employers hike isn’t as severe as some people are predicting.
David Sullivan is one man who will certainly be praying that it’s not!
