Autumn Budget 2025

 

The 2025 Autumn Budget arrives during a period of sluggish growth, rising welfare costs and an unwavering commitment to net-zero policies, leaving the Chancellor with limited room for manoeuvre and a clear need to raise revenue. The challenge lies in doing so without dampening economic activity or prompting people and capital to drift elsewhere. Familiar measures returned, including further freezes to personal tax bands and reductions in various reliefs, alongside direct tax increases aimed at savers, landlords and business owners rather than workers.

Speculation around a broad wealth tax softened into a delayed “mansion tax” on high-value homes from 2028, while inheritance tax and capital gains tax stayed largely unchanged. Estate planning remains much the same, although pensions, ISAs and investment income will feel added pressure from new restrictions. For a deeper look at all ten areas covered in the announcement, readers can download our full Autumn Budget guide, which explores each measure in more detail and what it could mean for your financial planning.