On 26th November 2025, Chancellor Rachel Reeves presented her second Budget to Parliament. The Budget delivers a mix of policy changes from tax and threshold freezes to new levies, alongside a range of support measures aimed at reducing living costs and boosting public services. Key announcements included a freeze on income tax thresholds, new taxes on pensions, property and electric–vehicle use, and reforms designed to help households manage energy and transport costs.
Our comprehensive guide, The 2025 Budget, breaks down the key points and how these changes might impact you. From tax adjustments to new funding initiatives, here are some of the major announcements from this year’s budget. Download our full guide below to explore the specifics.