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Autumn Budget

Our summary of all the key announcements.

Download the Autumn Budget 2025 (pdf)

Introduction

Chancellor Rachel Reeves delivered her Budget on Wednesday 26 November 2025.

Personal tax

Highlighting income tax, savings, dividends and pensions.

Employment

Highlighting National Insurance, salary sacrifice pensions and National Living Wage.

Business

Highlighting Corporation Tax, Capital Allowances, EIS and VCTs.

Capital taxes

Highlighting Capital Gains Tax and Inheritance Tax.

Other matters

Highlighting VAT and High Value Council Tax Surcharge.

Latest news

20 May 2026

Dip in inflation rate likely to be 'temporary quirk'

April's slowdown in the rate of inflation?is?likely to be a 'temporary quirk' rather than a 'signal?on the direction of travel', says the British Chambers of Commerce.

Hot topic

28 Apr 2026

Tourist tax threatens to wash out UK holidays

A look at visitor levies and their potential impact on the UK's tourism industry.