News · 27 November 2025
Budget 2025 means higher taxes for many families.
Rachel Reeves' Budget 2025 delivers £26-30 billion in tax rises, prompting multiple news outlets and financial organizations to release interactive calculators helping people determine if they'll be better or worse off. The Budget includes 2p tax increases on property, savings and dividend income, frozen tax thresholds dragging 1.7 million into higher bands, mansion tax on £2m+ homes, pay-per-mile electric vehicle charges, and capped pension contribution relief. While some benefit from energy bill reductions and pension increases, most households face higher taxes, with middle earners particularly affected.
Reported by Guardian · How we write briefs