Budget 2025 and Finance (No. 2) Bill 2024-26
The Chancellor presented the 2025 Budget on 26 November. The Finance Bill would enact several tax measures announced in the Budget. The bill's remaining stages will take place on 11 March 2026.
Summary of the Autumn Budget 2025
Our impartial summary covers the Chancellor's policy announcements, changes to taxes and spending, and forecasts for the public finances and economy.
More on the 2025 Budget
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Autumn Budget 2025: Background briefing
Ahead of the 2025 Autumn Budget on 26 November, this briefing looks at the economic situation, economic forecasts and the public finances.
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Autumn Budget 2025: Reaction
Links to analysis of the 2025 Autumn Budget from selected think tanks, business groups, political parties and other organisations.
Further Reading
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What is the Budget?
On 26 November 2025 the Chancellor will present plans for the economy, including taxation and spending, in the Budget. What happens during and after the Budget?
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Economic Indicators
Quick-read summaries of the latest data focusing on different aspects of the UK economy. Topics include GDP, sector performance, the housing market, and more.
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Tax statistics: an overview
This briefing provides an overview of tax statistics, including recent trends, forecasts, and distribution of taxpayers.
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Fiscal drag: An explainer
Several tax thresholds have not been increased since 2022. This briefing looks at fiscal drag in the context of taxation in the UK, with a specific focus on income tax thresholds.
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Income tax: freezing the personal allowance and the higher rate threshold
In the 2021 Budget the then Chancellor Rishi Sunak announced that the income tax personal allowance and the higher rate threshold would be frozen for four years from 2022/23 to 2025/26.
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The Budget and the annual Finance Bill
This briefing examines the way that Parliament scrutinises the Government's proposals for taxation, set out in the annual Budget statement.
