{"id":4187,"date":"2025-11-26T13:07:14","date_gmt":"2025-11-26T13:07:14","guid":{"rendered":"https:\/\/260web.com\/news\/budget-2025-key-points-at-a-glance\/"},"modified":"2025-11-26T13:07:14","modified_gmt":"2025-11-26T13:07:14","slug":"budget-2025-key-points-at-a-glance","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/budget-2025-key-points-at-a-glance\/","title":{"rendered":"Budget 2025: Key points at a glance"},"content":{"rendered":"<p>Budget 2025: Key points at a glance<\/p>\n<article readability=\"12.517346938776\">\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 eRlINq\">\n<div data-testid=\"hero-image\" class=\"sc-5340b511-1 cMIbKV\"><img decoding=\"async\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/11\/IAYVYL.png\" class=\"sc-5340b511-0 gUePlo hide-when-no-script\" aria-label=\"image unavailable\"><img decoding=\"async\" sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 640w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 1024w, https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/94a9\/live\/d58111f0-cac1-11f0-b7d6-15745cdbcf61.jpg.webp\" loading=\"eager\" alt=\"Reuters Chancellor Rachel Reeves standing in Downing Street with her Budget red box.\" class=\"sc-5340b511-0 hLdNfA\"><span class=\"sc-5340b511-2 jVqbAn\">Reuters<\/span><\/div>\n<\/div>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\" readability=\"16\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Rachel Reeves is delivering a speech in the House of Commons setting out details of her second Budget since becoming chancellor.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">A number of measures from the yearly tax and spending plan had already been announced in the days leading up to the statement.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Other measures have been revealed by accident after the UK&#8217;s budgetary watchdog mistakenly published its official forecast early.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Here is a summary of what we know so far.<\/p>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">Personal taxation<\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">National Insurance (NI) and income tax thresholds frozen for extra three years beyond 2028, dragging more people into higher bands over time<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Amount under-65s can put into cash Isas (Individual Savings Accounts) capped at \u00a312,000, with the rest of the \u00a320,000 allowance reserved for investments<\/li>\n<\/ul>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">Wages, benefits and pensions<\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">Cap limiting households on universal or child tax credit from receiving payments for a third or subsequent child to be scrapped from April<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Legal minimum wage for over-21s to rise 4.1% in April, from \u00a312.21 to \u00a312.71 per hour<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Rate for 18 to 20-year-olds to go up 8.5%, from \u00a310 to \u00a310.85 per hour, as part of a plan to establish a single rate for all adults<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Basic and new state pension payments to go up by 4.8% from April, more than the current rate of inflation, under the &#8220;triple lock&#8221; policy<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Help to Save scheme, which offers people on universal credit a bonus on savings, extended and expanded beyond 2027<\/li>\n<\/ul>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">Housing and property<\/h2>\n<\/p>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 GunZh\">\n<div data-testid=\"image\" class=\"sc-5340b511-1 cMIbKV\"><img decoding=\"async\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/11\/IAYVYL.png\" class=\"sc-5340b511-0 gUePlo hide-when-no-script\" aria-label=\"image unavailable\"><img decoding=\"async\" sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 640w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 1024w, https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/65a6\/live\/d8af7c40-cac6-11f0-b7d6-15745cdbcf61.jpg.webp\" loading=\"lazy\" alt=\"A terrace of colourful houses in London\" class=\"sc-5340b511-0 hLdNfA\"><\/div>\n<\/div>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">Properties in England worth more than \u00a32m to face a council tax surcharge of between \u00a32,500-\u00a37,500, following a revaluation of homes in bands F, G and H<\/li>\n<\/ul>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">Transport<\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">Fuel duty frozen for five months after April, followed by a staged increase from September 2026<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">A new mileage-based tax for electric vehicles and plug-in hybrid cars to be introduced from 2028 <\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Regulated rail fares for journeys in England frozen next year for the first time since 1996 (there have been periods when prices rose by less than inflation)<\/li>\n<\/ul>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">Drinking and smoking<\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">Tax on sugary drinks extended to pre-packaged milkshakes and lattes from 2028, reversing an exemption when the tax was introduced in 2018<\/li>\n<\/ul>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">UK growth, inflation and debt<\/h2>\n<\/p>\n<figure>\n<div data-component=\"image-block\" class=\"sc-3b6b161a-0 GunZh\">\n<div data-testid=\"image\" class=\"sc-5340b511-1 cMIbKV\"><img decoding=\"async\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2025\/11\/IAYVYL.png\" class=\"sc-5340b511-0 gUePlo hide-when-no-script\" aria-label=\"image unavailable\"><img decoding=\"async\" sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 480w, https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 640w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 800w, https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 1024w, https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/102e\/live\/570e6830-cac7-11f0-b7d6-15745cdbcf61.png.webp\" loading=\"lazy\" alt=\"EPA\/Shutterstock Bank of England\" class=\"sc-5340b511-0 hLdNfA\"><span class=\"sc-5340b511-2 jVqbAn\">EPA\/Shutterstock<\/span><\/div>\n<\/div>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">Office for Budget Responsibility (OBR) predicts the UK economy will grow by 1.5% this year, upgraded from a 1% forecast in March<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Inflation predicted to average 3.5% this year, before falling to 2.5% next year, and returning to the government&#8217;s 2% target in 2027<\/li>\n<\/ul>\n<\/div>\n<p><h2 class=\"sc-f98b1ad2-0 gXmhTb\">Other measures<\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"sc-3b6b161a-0 dPVOKT\">\n<ul class=\"sc-6f869981-0 diUlgm\">\n<li class=\"sc-734a601e-0 cRgahm\">English regional mayors to be given powers to tax overnight stays in hotels and holiday lets, echoing existing plans in Scotland and Wales<\/li>\n<li class=\"sc-734a601e-0 cRgahm\">Cost of a single NHS prescription in England frozen at \u00a39.90 for another year (they remain free in Wales, Scotland and Northern Ireland) <\/li>\n<\/ul>\n<\/div>\n<\/article>\n<aside data-testid=\"ohio-section-outer-3\" data-analytics-group=\"true\" data-analytics_group_type=\"ohio-3\" data-analytics_group_position=\"1\" data-analytics_group_item_count=\"3\" data-analytics_group_name=\"Related\" class=\"sc-92527ac1-1 sTes\"><\/aside>\n<aside data-testid=\"alaska-section-outer\" data-analytics-group=\"true\" data-analytics_group_type=\"alaska-5\" data-analytics_group_position=\"2\" data-analytics_group_item_count=\"5\" data-analytics_group_name=\"More from the BBC\" class=\"sc-92527ac1-1 sTes\">\n<div data-testid=\"alaska-section\" class=\"sc-92527ac1-2 ezUXGj\">\n<div class=\"sc-4cbd3c6-2 fJCVRg\">\n<div data-testid=\"section-title-wrapper\" class=\"sc-4cbd3c6-3 kscBbi\">\n<p><span data-testid=\"alaska-title\" class=\"sc-4cbd3c6-4 hFYRKM\">More from the BBC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>Published at Wed, 26 Nov 2025 13:05:26 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget 2025: Key points at a glance Reuters Rachel Reeves is delivering a speech in the House of Commons setting out details of her second Budget since becoming chancellor. A number of measures from the yearly tax and spending plan had already been announced in the days leading up to the statement. Other measures have&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/budget-2025-key-points-at-a-glance\/\">Continue reading <span class=\"screen-reader-text\">Budget 2025: Key points at a glance<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":4188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-politics","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/4187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=4187"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/4187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/4188"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=4187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=4187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=4187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}