Rachel Reeves is due to deliver her Autumn Budget on 26th November. Naturally, there is a great deal of speculation about what the budget could include. This is especially true in 2025 due to the well publicised pressures on the public purse and the need for the Treasury to find more money or cut spending. As a general rule however, it is preferable to base big financial decisions on the available facts, rather than rumour.
Given Labour’s pre-election pledge not to raise ‘big three’ taxes, namely Income Tax, VAT or National Insurance, it seems that the budget could contain a range of comparatively smaller measures. Many are concerned about changes to ISA limits, pensions tax-free cash and inheritance tax.
Much of the speculation in the print media comes with a healthy dose of partisanship and so should be treated with a certain amount of caution.
For an impartial assessment of what we might see on 26th November, we recommend this article from Fidelity.