Meet Alfie Summers, a student at Abingdon & Witney College, currently undertaking a two-year work placement at Randall & Payne one day a week. Alfie describes his first Budget Day live event and shares his observations.
On Wednesday 26 November 2025, I attended my first corporate event at Kingsholm Stadium, focused on the 2025 Budget Speech. It was fascinating to meet a wide range of people from different businesses and to learn more about how tax affects both organisations and individuals. As I am only 18, living at home and in part-time work, much of the content is not directly relevant to my current circumstances, but it will be highly significant for me in the future.
I arrived at the event unsure of what to expect, as this environment is entirely new to me. I was particularly surprised to hear that Rachel Reeves is seeking to raise £35-40 billion, which struck me as an exceptionally large sum.
At the outset, a series of predictions were shared, and I found it engaging to hear the perspectives of the specialists. One prediction that stood out was the possibility that VAT may be applied to Uber and similar services, which would increase travel costs for people my age. As a student, I also make frequent purchases of fast food and snacks, so the suggestion of a potential increase in the sugar tax was notable, as it would be unpopular with my friends and me.
The live Chancellor’s Statement followed. I was taken aback by how immature some of the MPs’ behaviour appeared while Rachel Reeves was speaking; at times it felt reminiscent of a primary school classroom. However, I appreciated that she focused significantly on the younger generation and made proposals that would directly benefit me and my peers. The increase in the minimum wage from £10.00 to £10.85 for 18–21-year-olds will benefit me considerably, as it will provide a higher income and allow me to enjoy more of the things I like. For businesses, however, this change may be more challenging.
In addition to my placement, I also work part-time for a charity which may struggle to meet the higher wage costs, potentially resulting in fewer opportunities for young employees. It is therefore important to consider both sides of the argument, as not everyone will benefit in the same way. One thing she said that I found funny, was her promise to sort out the potholes, but they’re still everywhere around where I live.
After college, I hope to progress into an apprenticeship. In this latest Budget Speech, Rachel Reeves confirmed that apprenticeships for under 25s will be fully funded by the government for small and medium sized businesses. This is extremely positive for apprentices, as well as for businesses, which may now feel more able to offer opportunities to young people they might not otherwise have considered.
Overall, my first corporate event was a really interesting experience, and I’d love to go to more events in the future – especially if there are plenty of croissants!
See the latest of In Focus for our full Budget Day summary and insights: