Autumn Budget 2025 – Review

Information correct as at 27 November 2025

In her second Labour Budget, the Chancellor for the Exchequer, Rachel Reeves, stuck to the party’s manifesto commitments and didn’t increase the headline rates of tax.

No major taxes were impacted but well trailed freezing of allowances and rate bands were confirmed having the effect of bringing more people into the high tax bands over the coming years. There were a number of other smaller changes to various taxes and reliefs which are discussed in our Budget Review click here

As always, the information within our Budget Review is for general guidance purposes only. We appreciate that every individual and business has different circumstances and you should always seek appropriate professional advice before you act on any of the information provided. No responsibility for loss occasioned by any person acting as a result of the material contained in this review can be accepted by GWA, its Partners and employees.

If you would like more information or advice on the budget or require wider business planning or financial guidance, please do get in touch with your GWA Partner.

Alternatively, if you are not a GWA client please do contact us to arrange your free initial meeting.