On 26 November, Chancellor Rachel Reeves delivered the 2025 Autumn Budget, setting out tax and spending plans aimed at stabilising the economy while funding key priorities. The Budget introduces £26 billion in tax-raising measures, including an extended freeze on income tax thresholds until 2031, higher taxes on property, dividends and savings income, and new limits on salary-sacrifice pension contributions. Alongside these, Reeves announced steps to ease living costs, such as £150 off household energy bills, a freeze on rail fares, and the removal of the two-child benefit cap.

For businesses, the changes include permanent lower business rates for retail, hospitality and leisure, targeted investment incentives, and reforms to support scale-ups and innovation. These measures will shape tax planning, operating costs and growth strategies over the coming years.

This full PDF summary created by our sister company Hillier Hopkins breaks down every key announcement and explains how they affect you and your business. Download it now to stay informed and prepared. If you would like to discuss how any of the announcements affect you, please get in touch with us.

What our clients say

One or more of the Satis Tax principals has been handling my personal taxes, both US and UK, for over 35 years. That fact speaks for itself. Several aspects of Satis' work impress me: 1) Thorough understanding of both the UK and USA tax systems; 2) Attention to detail; 3) A conservative approach combined with an appreciation that for the client "every dollar/pound matters" when it comes to limiting one's tax liabilities.

Mat
Montana

Having decided to emigrate to the U.S., I was completely unprepared for how complex the interaction between the UK and US tax systems would be. From initial tax planning advice prior to emigrating, several subsequent complex business transactions, to filing both our UK and US annual returns, I’ve always felt assured that Satis have a complete understanding of the complexities of the tax regulations. This has freed us from the worry of tax compliance in both countries. Over and above keeping us complaint, they have been an invaluable sounding board when we have found ourselves facing personal decisions that have had tax consequences through the years we have been living in the US.

Rob
Florida