About our 2025 UK Budget news
Latest news on the 2025 UK Budget, covering tax changes, public spending, cost of living measures, and Chancellor Rachel Reeves's Autumn Budget announcements.
Chancellor Rachel Reeves delivered the 2025 Autumn Budget on 26 November, describing it as "a Budget for fair taxes, strong public services, and a stable economy". The Budget includes approximately £26 billion in tax rises, while extending the freeze on personal income tax and National Insurance thresholds until 2031. The Office for Budget Responsibility forecasts government borrowing will fall from £150 billion in 2024/25 to £138 billion in 2025/26.
Key measures aim to reduce the cost of living, including an average £150 reduction in household energy bills from April, a one-year freeze on regulated rail fares in England, and continued freezes on prescription charges. The government has also committed to removing the two-child benefit limit from April 2026, a move projected to lift around 450,000 children out of poverty. The pension Triple Lock remains in place, with pensioners on the full new State Pension set to receive an extra £575 annually from April 2026.
The Budget addresses NHS pressures with commitments to cut waiting lists, supported by 5.2 million additional appointments delivered since the start of Parliament and plans for 250 new Neighbourhood Health Centres. Over £1.5 billion has been allocated for the Youth Guarantee programme, aiming to ensure all 16-24 year olds have access to education, employment, or training opportunities.
Tax policy changes include measures affecting businesses and investors, with reforms to business rates reducing levies for retail, hospitality, and leisure while increasing rates for larger commercial properties. Electric vehicle support has been extended, including the Electric Car Grant through to 2029-30. The government is meeting its fiscal rules, with the OBR confirming the stability rule target is met by a £22 billion margin.
The UK Budget has historically served as the government's primary fiscal statement, setting tax rates and spending priorities that shape the economy for the year ahead. Under the current government's approach, Budgets are now held once annually, with fiscal rules assessed only at these events to provide greater certainty for businesses and households.
Our NewsNow feed on the 2025 UK Budget brings together comprehensive coverage from trusted sources, keeping you informed about the latest developments, expert analysis, and political reaction. Whether you're tracking tax changes affecting your household, business implications, or broader economic forecasts, this feed provides up-to-date news on one of the most significant fiscal events of the year.