Last updated: 20 October 2026

By Stiv · Design, technology and personal finance

This article is for informational purposes only and does not constitute financial advice. Always do your own research or consult a qualified financial adviser before making any financial decisions.

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Capital at risk. The value of investments can go down as well as up and you may get back less than you invested. Past performance is not a reliable indicator of future results.

Update, 20 October 2026. The next Budget is on Wednesday 28 October 2026, the first from Chancellor John Healey. My Autumn Budget predictions cover every rumour so far and which of the 2025 changes below are already law.

The UK Budget 2025 landed on 26 November, with Chancellor Rachel Reeves announcing a package of measures that quietly raise the tax burden on millions of households. So while headline Income Tax and VAT rates stay put, the Autumn Budget 2025 freezes thresholds, cuts the cash ISA allowance and raises taxes on dividend and savings income — hitting earners, savers and investors in ways that are easy to miss at first glance.

Here is what changed, when it takes effect, and what it could mean for your finances.