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Autumn Budget 2025 Guide

26 November 2025

Chancellor, Rachel Reeves delivered this year’s Autumn Budget, outlining the Government’s plans to support households, strengthen public services, and drive long-term economic growth.

After months of speculation, today the Chancellor delivered her second Budget under the Labour Government. The measures introduced represent a balance, offering benefits to businesses, whilst also imposing increased taxes or restrictions on reliefs. 

Rachel Reeves set out measures intended to lower the cost of living, strengthen public services and bring down debt and borrowing – with the aim to stabilise public finances and reduce interest paid on debt.  

In terms of private individuals, she introduced a series of tax measures which rely heavily on threshold freezes and adjustments to investment-related tax reliefs. From a property perspective, a new income tax rate affecting landlords has been introduced, along with a Council Tax Surcharge that will impact homeowners. 

We also saw a significant change to salary sacrifice pension arrangements from April 2029 which employers and payroll providers should start assessing the implications now. Employers will also need to consider changes to National Minimum and Living Wage and Plan 2 student loan repayment thresholds. 

For businesses, the Budget remains consistent with the commitments set out in the Corporate Tax Roadmap. Capital Allowances, penalties for late Corporation Tax returns and EMI limits are all changes businesses should consider.  

Read more on how the Budget affects you in our articles: 

Autumn Budget 2025 | Affinia

Tax increases for landlords: Rental Income Tax and Council Tax Surcharge

Client focused photography. Affinia and Doubletree Hilton. Hotels and Hospitality sector expertise. Accountants, Tax and Business Advisers

Employment taxes: Cumulative impact and workforce considerations 

Major reform to salary sacrifice pension arrangements from April 2029

man and woman looking at laptop

Changes to Employee Ownership Trusts

Autumn Budget 2025 | Affinia

The New Rules for Wealth, Investment and Inheritance

Lady on sofa looking laptop

Key changes to Business Tax

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