Autumn Budget 2025: key planning priorities for our clients
Article last updated 27 November 2025.
Chancellor Rachel Reeves unveiled the UK government’s tax and spending plans in the House of Commons on 26 November.
The Budget increased spending and taxes once again. Medium-term growth forecasts were revised down, although the downgrades were not as bad as feared pre-Budget. The Chancellor’s headroom has been increased more than expected to £21.7 billion. Tax thresholds have been frozen for much longer and some tax rates, especially for capital, have risen. But the Office for Budget Responsibility still warns that there’s essentially a 50/50 chance that it won’t be enough to balance the books.
We have summarised all of her changes to personal and business taxes via the downloads below.
There's a comprehensive report detailing all you need to know, along with a tax pocket guide setting out the changes in thresholds, rates and allowances for the coming tax year.
This information shouldn't be taken as financial advice or a recommendation. It's based on our current understanding of HMRC tax regulations in the UK, and the Budget measures must still be approved by Parliament. Remember that tax treatment depends on your individual circumstances which could change in the future. We do not offer tax advice and you should speak to a tax adviser if you’re unsure.
