Autumn Budget 2025 – Headline Tax Measures
26 November 2025
On 26 November 2025, the Chancellor of the Exchequer, Rachel Reeves, presented her second Budget.
There had been intense media speculation in the weeks leading up to the Budget, mainly around possible tax increases and the restriction of exemptions and reliefs. In fact, the only major tax increase was the introduction of a 2% income tax levy on non-earned (investment) income and the introduction of a council tax surcharge for properties valued at greater than £2 million. There were no major changes to allowances and reliefs.
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