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Autumn Budget 2025

  • Hardworking families will pay for Labour’s Benefits Budget

    November 26, 2025

    Rachel Reeves has broken every single one of her promises in this year's Budget, and it's hardworking families who will pay, writes Mel Stride.

  • Budget: Blow to investors and startups ‘hidden’ in small print

    November 26, 2025

    A blow to investors and early-stage businesses has been revealed in the small print of Rachel Reeves‘ Budget. The tax relief available on venture capital trusts has been slashed, according to the full Budget document released by the Treasury following Reeves’s speech in the House of Commons. While the venture capital trusts’ annual and lifetime [...]

  • Reeves hands small businesses sour cocktail in Autumn Budget

    November 26, 2025

    Small and mudiec-sized businesses (SMEs) now face a sour cocktail of higher taxes, rising costs, and tighter margins following Rachel Reeves’ second Budget as Chancellor. Dividend taxes are up, income tax and National Insurance thresholds remain frozen until 2030-31, and salary-sacrifice pension reliefs are being curtailed. For many small business owners, the Budget will feel [...]

  • What does the Budget mean for you?

    November 26, 2025

    Rachel Reeves’ second Budget has been the most closely watched in recent memory, with media briefings and soundings on all sides. Rachel Reeves has raised taxes by £26bn in her second Budget, which follows on from last year’s £40bn. They will go up to well over 38 per cent of GDP by 2030, the OBR [...]

  • Budget 2025: What exactly is happening with business rates?

    November 26, 2025

    Long-awaited changes to business rates were finally announced in the Budget, with a lower rate for small companies to be paid for by a higher levy for large firms. Retailers have been railing against for business rates for years, with concerns that the tax creates an unfair playing field between high street and online firms, which [...]

  • Autumn Budget: Shares tumble as Reeves taxes bookies higher

    November 26, 2025

    Shares in British betting and gaming firms, including Entain, William Hill UK, Evoke, and Flutter, fell sharply after Rachel Reeves revealed upcoming increases in gambling duties in her Autumn Budget. Shares in those and other publicly-listed companies were down between one and 19 per cent by 12:38 on Wednesday. The forcasted tax changes sent investors [...]

  • Budget: Treasury focused on ‘closing tax gap’ with US-style whistleblower scheme

    November 26, 2025

    Rachel Reeves revealed in her Budget that the government continues to focus on closing the tax gap, with new measures set to raise an additional £2bn in tax revenue by 2029-30. The Chancellor pledged that the government will target “fraudulent businesses” that don’t pay their tax by providing HMRC with new compliance powers. A large [...]

  • Autumn Budget: Reeves bets on AI – but did she play her strongest card last week?

    November 26, 2025

    Rachel Reeves delivered what many had dubbed the “most anticipated Budget in years”, with industry eyes fixed on how she would position the UK in the global AI race. But just minutes before she even stood up at the despatch box, the Office for Budget Responsibility (OBR) unexpectedly leaked forecasts, fuelling speculation about the state [...]

  • The pension triple lock won’t ‘last forever’, warns Labour MP

    November 26, 2025

    A Labour MP has admitted that the pension triple lock won’t “last forever”, as the Budget fails to mention an end to the controversial scheme. Speaking live to City PM‘s Christian May and Alys Denby, Chris Curtis, MP for Milton Keynes North, said that the “triple lock inevitably cannot last forever”. He said: “That is [...]

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