
In the News
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Chancellor Rachel Reeves’ second Budget, delivered on 26 November, included a wide range of tax and spending changes.
Key measures include freezing income tax and National Insurance thresholds until at least 2031, raising taxes on property, savings, and dividend income, and capping cash ISA contributions.
The legal minimum wage and state pensions will rise in April, and the two-child benefit cap will be scrapped.
Fuel duty is frozen until September 2026, while new mileage-based taxes for electric vehicles are planned from 2028.
Council tax surcharges will apply to properties over £2m.
The Budget also included an updated economic forecast predicting modest growth and falling inflation.
How happy are you with the budget out of 10?
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