A Guide to the Autumn Budget 2025
Chancellor Rachel Reeves has delivered the Labour government’s 2025 Autumn Budget, marking the year’s first major fiscal statement. This overview summarises the most notable policy changes affecting personal finance, property, and benefits. Key announcements include the freezing of NI and income tax thresholds beyond 2028, a two-percentage-point rise in tax rates on property, savings, and dividend income, and the removal of the Universal Credit two-child cap. Property owners should note the new council tax surcharge for homes in England valued above £2 million. We also cover changes to minimum wage, state pensions, and the introduction of a mileage-based tax for electric vehicles from 2028. Read the full summary to understand how these updates impact your finances.