26/11/2025
Big Budget Day has finally arrived! 🧰
Here’s a budget-for-dummies summary in 10 points:
- Tax thresholds frozen longer.
- Dividend and property taxes up.
- ISA cash limit cut.
- Minimum wage rises.
- Pay per mile duties added for EVs.
- Business rates relief retail/hospitality.
- Extra NHS and school funding.
- Gaming and betting duties increased.
- Support for investment, entrepreneurs.
- Growth slow; debt set to fall.
If you fancy a long-form read, we thought this one was pretty good: https://www.theguardian.com/uk-news/2025/nov/26/budget-2025-key-points-rachel-reeves
Rachel Reeves is announcing her financial update – here are the main points, with political analysis