2025 Autumn budget representation

Ahead of the 2025 Autumn budget, the IET calls on the Treasury to strengthen resilience against the effects of cyberattacks.

Cybercrime is far reaching, not only in immediate costs for the primary business and supply chains, but it has an individual and societal impact as well. It is a national concern that requires resilience and prioritisation from businesses, government and individuals.

Recent IET research has shown that further support is needed for small businesses to reskill and to support the general public to act when they suspect a threat. Furthermore, half of the public fear a cyberattack but one in eight admit they have not changed behaviour when they are targeted.

The IET recommends for:

• The Treasury to cut business rates for small and medium sized companies that are investing in their cybersecurity training and systems.
• The Treasury to commit to £5-10 million funding in the Autum Budget to run a public awareness campaign that outlines key actions individuals can take to make themselves more resilient to attacks.