INTRODUCTION
The Autumn Budget 2025 presents a series of fiscal measures aimed at stabilising the UK economy, addressing the ongoing cost-of-living crisis, and ensuring long-term growth. With public finances under pressure, the Chancellor has outlined a plan to increase tax revenues while also providing targeted support to households and businesses.
A key aspect of the Budget is the freeze on income tax thresholds until 2031, which will push many taxpayers into higher tax bands as earnings rise. The freeze will contribute to raising more from personal income taxes over the coming years, alongside increased revenue from income on assets (property, dividends, savings) and reforms to capital gains and pension tax reliefs, while leaving the main income tax and National Insurance Contributions (NICs) rates unchanged. These changes are designed to raise the necessary funds to address fiscal deficits and meet public sector spending needs. However, the Government has also announced measures to support smaller businesses, including expanded employment allowances and continued funding for critical sectors such as green technology, research and development (R&D), and infrastructure.
For some households, the freeze on tax thresholds will increase financial pressure. However, welfare increases and investments in social housing are aimed at alleviating the cost-of-living strain, particularly for low-income families.
This report breaks down the key fiscal measures and explains their expected impact in straightforward terms, covering many of the major changes. However, given the extensive nature of these reforms, please feel free to contact us for more detailed, specific information tailored to your individual circumstances.
We cover the following headings in our report:
- Key business changes – Changes in business rates, reliefs, and sector-specific support.
- Support for businesses – Incentives and reliefs aimed at fostering business growth.
- Key personal changes – Income tax freezes, higher savings tax, and pension contribution adjustments.
- Support for households – Measures to reduce living costs, welfare changes, and energy support.
To read the full report click here: autumn-budget-report-nov25