Reeves framed the Budget as a turning point, saying the government was focused on \u201cfairness, stability, and long-term recovery.\u201d She acknowledged that people were \u201cstill struggling with rising costs\u201d and stressed that the plans were designed to \u201cgive working families the confidence they deserve.\u201d<\/p>\n\n\n\n
She also admitted not everyone would welcome every measure, noting that the Budget should be viewed as a \u201cfull package\u201d, not a \u201cpick-and-choose exercise\u201d. Her message to MPs was clear: the country needs unity, not internal division. \u2022 The income tax and National Insurance threshold freeze will now run until 2031<\/strong>.<\/p>\n\n\n\n \u2022 This means as wages rise, more people move into higher tax bands \u2014 effectively raising taxes without increasing headline rates.<\/p>\n\n\n\n From April 2026:<\/strong><\/p>\n\n\n\n \u2022 Workers aged 21+ will earn \u00a312.71 per hour From April 2029<\/strong>, employer NI will apply to sacrificed pension contributions over \u00a32,000 per year<\/strong>.<\/p>\n\n\n\n From April 2027,<\/strong> at least \u00a38,000<\/strong> of the \u00a320,000 ISA allowance must go into UK-focused assets.<\/p>\n\n\n\n \u2022 Starting April 2026<\/strong>, the two-child limit on Universal Credit and Child Tax Credits will be removed.<\/p>\n\n\n\n \u2022 The OBR estimates around 450,000 children<\/strong> will be lifted out of poverty, making this one of the most significant welfare changes in a decade. Capital gains tax (CGT) relief available on qualifying disposals of shares to employee ownership trusts (EOTs) has been reduced from 100% to 50%.<\/strong> Companies newly listed on a UK-regulated market will benefit from a three-year exemption<\/strong> from Stamp Duty Reserve Tax (SDRT) on the transfer of their shares and other securities. \u2022 Energy Bills Coming Down:<\/strong> From 6 April 2026<\/strong>, the UK government is increasing the rates of income tax on dividend income by two percentage points.<\/strong><\/p>\n\n\n\n The new rates will be:<\/strong><\/p>\n\n\n\n \u2022 Basic rate:<\/strong> 10.75% (up from 8.75%)<\/p>\n\n\n\n \u2022 Higher rate:<\/strong> 35.75% (up from 33.75%)<\/p>\n\n\n\n \u2022 Additional rate:<\/strong> Remains unchanged at 39.35%<\/p>\n\n\n\n The dividend allowance of \u00a3500<\/strong> will stay the same, but the higher rates mean more tax will be payable on dividend income above this threshold. Homes worth more than \u00a32 million<\/strong> will face a new annual charge:<\/p>\n\n\n\n \u2022 \u00a32m \u2013 \u00a32.5m<\/strong>: \u00a32,500 Stamp Duty stays the same, with the surcharge taking centre stage. \u2022 Fuel duty stays frozen until April 2026.<\/p>\n\n\n\n But from 2028\/29<\/strong>, a new mileage tax begins:<\/p>\n\n\n\n \u2022 EVs: 3p per mile Full 20% VAT<\/strong> will hit private hire fares such as Uber and Bolt. From January 2028,<\/strong> the levy will cover sweetened milk drinks, plant-based substitutes, and similar products. The sugar threshold drops to 4.5g per 100 ml<\/strong>.<\/p>\n\n\n\n Both continue rising with RPI. Ultimately, the 2025 Budget<\/strong> reflects a government walking a tightrope between stability and fairness. Looking ahead, expect further reforms as the government aims for long-term stability and growth. Businesses may benefit from investment incentives and rate reductions, but will also face higher taxes on larger properties. Families and individuals should prepare for evolving tax and welfare policies, with an emphasis on fairness and support for those most in need. Overall, the Budget sets a course for a more balanced, sustainable economy, but ongoing monitoring will be key as these policies unfold over the coming years.<\/p>\n","protected":false},"excerpt":{"rendered":" The UK Autumn Budget 2025 landed today, Wednesday 26 November, and it made more noise than usual after the Office for Budget Responsibility mistakenly published key sections ahead of the official speech. Once the Chancellor stepped up, the full picture became clear. The government is promising stability, long-term reform, and targeted support, while critics argue […]<\/p>\n","protected":false},"author":1,"featured_media":10582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[75,77,78,113,156,182],"class_list":["post-10581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-updates","tag-autumn-budget-2025","tag-budget-2025","tag-budget-updates-uk","tag-fall-budget-2025","tag-rachel-reeves","tag-uk-budget-2025"],"_links":{"self":[{"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/posts\/10581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/comments?post=10581"}],"version-history":[{"count":0,"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/posts\/10581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/media\/10582"}],"wp:attachment":[{"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/media?parent=10581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/categories?post=10581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webswiftusa.com\/Artifin\/wp-json\/wp\/v2\/tags?post=10581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n\n\n\n![\"Wages](\"https:\/\/artifinaccountants.co.uk\/wp-content\/uploads\/elementor\/thumbs\/Payslips-rfbp2grk6h5smehaoaexfcefdcr06tq0p4u4a0qhqq.webp\" "\\"Wages")
<\/figure>\n\n\n\n
Tax Threshold Freeze Extended<\/strong><\/h3>\n\n\n\nMinimum Wage Jumps Again in 2026<\/strong><\/h3>\n\n\n\n
<\/strong>\u2022 Workers aged 18\u201320 will earn \u00a310.85 per hour
<\/strong>\u2022 The government plans to move toward one standard adult rate.
<\/p>\n\n\n\nSavings and Pensions<\/strong><\/h3>\n\n\n\n
\u2022 Salary Sacrifice Change<\/strong><\/h5>\n\n\n\n\u2022 ISA Rule Change<\/strong><\/h5>\n\n\n\n
Two-Child Benefit Cap Scrapped<\/strong><\/h3>\n\n\n\n
<\/p>\n\n\n\nCapital Tax Gain Relief Reduced<\/strong><\/h3>\n\n\n\n
<\/p>\n\n\n\nUK Listing Relief: Stamp Duty Reserve Tax Exemption<\/strong><\/h3>\n\n\n\n
<\/p>\n\n\n\n![\"Mansion](\"https:\/\/artifinaccountants.co.uk\/wp-content\/uploads\/2025\/11\/Mansion-Tax-To-Be-Presented-1.jpg\")
<\/figure>\n\n\n\nHouseholds Tax Relief: What\u2019s Changing
<\/strong><\/h3>\n\n\n\n
From April 2026<\/strong>, average UK household energy bills will be cut by \u00a3150<\/strong> per year. The savings will mainly appear on electricity bills, benefiting all households, including those on fixed tariffs.\u200b<\/p>\n\n\n\n
\u2022 Inheritance Tax:<\/strong>
Couples can now fully transfer their inheritance tax relief allowance between spouses<\/p>\n\n\n\n
\u2022 Key Price Freezes:<\/strong>
Train fares and prescription charges will be frozen for one year.\u200b<\/strong><\/p>\n\n\n\n
\u2022 Welfare Overhaul:<\/strong>
The government is modernizing welfare assessments and introducing more support for people with long-term sickness. <\/p>\n\n\n\n
These changes are designed to provide immediate financial relief for households while also making the benefits system fairer and more supportive for those in need.<\/p>\n\n\n\nDividend Tax Rates Going Up<\/strong><\/h3>\n\n\n\n
<\/p>\n\n\n\nMansion Tax Arrives in 2028<\/strong><\/h3>\n\n\n\n
\u2022 \u00a32.5m \u2013 \u00a35m:<\/strong> higher tiers
\u2022 \u00a35m+:<\/strong> \u00a37,500<\/p>\n\n\n\n
<\/p>\n\n\n\n![\"EV](\"https:\/\/artifinaccountants.co.uk\/wp-content\/uploads\/elementor\/thumbs\/EV-Fuel-Duty-To-Be-Introduced-rfa9sdqpka0egw0qib4wd73qm3v2n8wavv7ku1xy6q.webp\" "\\"EV")
<\/figure>\n\n\n\n
EV Mileage Tax and Fuel Duty Freeze<\/strong><\/h3>\n\n\n\n
<\/strong>\u2022 Hybrids: 1.5p per mile
<\/strong><\/p>\n\n\n\nTaxi Fares to be Introduced<\/strong><\/h4>\n\n\n\n
<\/p>\n\n\n\nHealth and Everyday Costs<\/strong><\/h3>\n\n\n\n
\u2022 Sugar Tax Tightened<\/strong><\/h5>\n\n\n\n
\u2022 Tobacco and Vaping Duties<\/strong><\/h5>\n\n\n\n
<\/p>\n\n\n\n![\"Health,](\"https:\/\/artifinaccountants.co.uk\/wp-content\/uploads\/elementor\/thumbs\/Health-Infrastructure-and-Housing-UK-Budget-2025-rfbpu9tod1863437at4lotsc0powwh45irm8dpi7o2.webp\" "\\"Health,")
<\/figure>\n\n\n\n
How these changes affect households, workers, and businesses<\/strong><\/h3>\n\n\n\n
For many, the cost of living remains a daily struggle, and while there are targeted wins, like lifting the two-child benefit cap and cutting energy bills.
These are offset by the continued freeze on tax thresholds and new levies on savings and investments. Middle earners, in particular, may feel the squeeze as they\u2019re pulled into higher tax brackets, while wealthier households see more responsibility placed on their shoulders through new property and asset taxes.<\/p>\n\n\n\n
What To Expect: Future policy shifts and long-term impacts<\/strong><\/h3>\n\n\n\n