Chancellor Rachel Reeves delivered the Autumn Budget on November 26, 2025, focusing on stabilizing public finances amid weak growth and high borrowing costs. The government announced over \u00a326 billion in tax increases, including a freeze on income tax thresholds, higher taxes on investment income (property, savings, and dividends), and the closure of low-value consignment relief for imports under \u00a3135 to protect domestic retailers. No rise in the top rate of dividend tax was implemented.<\/p>\n
Spending measures include increased welfare support, with public spending projected to rise to 45% of GDP in 2025-26 before stabilizing. Borrowing is forecast at \u00a3138.3 billion for 2025-26, declining to \u00a367.2 billion by 2030-31, allowing the UK to cut debt more than any other G7 economy. The Office for Budget Responsibility upgraded 2025 growth to 1.5% but lowered longer-term forecasts, emphasizing the need for productivity gains.<\/p>\n
Other highlights: Higher taxes on pensions and a new vehicle excise duty on electric cars to address revenue shortfalls from greener transitions. The budget aims to create fiscal headroom, with surpluses projected by 2029, though critics note limited direct action on inflation and cost-of-living pressures.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
UK Autumn Budget 2025 Summary Chancellor Rachel Reeves delivered the Autumn Budget on November 26, 2025, focusing on stabilizing public finances amid weak growth and high borrowing costs. The government announced over \u00a326 billion in tax increases, including a freeze on income tax thresholds, higher taxes on investment income (property, savings, and dividends), and the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1032","post","type-post","status-publish","format-standard","hentry","category-news"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/posts\/1032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/comments?post=1032"}],"version-history":[{"count":1,"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/posts\/1032\/revisions"}],"predecessor-version":[{"id":1033,"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/posts\/1032\/revisions\/1033"}],"wp:attachment":[{"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/media?parent=1032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/categories?post=1032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twinconkers.com\/blog\/wp-json\/wp\/v2\/tags?post=1032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}