Autumn Budget 2025

After weeks of speculation, a rare pre-Budget speech and growing uncertainty, the much-anticipated Autumn Budget has been delivered. The Chancellor has now unveiled her plans, setting out the government’s latest measures to support growth, manage public finances and address cost-of-living pressures. With the speculation over, here’s our analysis of the key announcements.


Chancellor of the Exchequer Rachel Reeves delivered her second Budget on 26 November, declaring “We are rebuilding our economy.” The fiscal update includes a series of new tax and spending measures – some of which had been announced or trailed prior to Budget day – described as “the right choices for a fairer, a stronger and a more secure Britain.” In total, the Budget will raise £26bn in taxes by 2029/30.

Our Budget content

Here you can see our Budget content broken down into the key topics. If you would like to see the full Budget document please click the link below to download the full Autumn Budget.

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Budget Articles
Economic forecasts
The Chancellor’s Budget boosts fiscal headroom, maintains tax pledges and forecasts stronger growth with falling inflation
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Budget Articles
Business measures
Business measures boost investment, skills and growth with new listing relief, visa reform and £5bn scale-up funding.
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Budget Articles
Personal taxation, savings, wages and pensions
Tax thresholds frozen to 2031, ISA rules tighten, wages and pensions rise to support households
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Housing and infrastructure
The Budget aims to boost investment across public services and communities

It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. Tax treatment varies according to individual circumstances and is subject to change. Advice on Cash on Deposit, National Savings Products, Inheritance Tax Planning and Tax Planning are not regulated by the Financial Conduct Authority.


All details are believed to be correct at the time of writing (26 November 2025)


Approver Quilter Financial Limited and Quilter Financial Services Limited 27/11/2025