Last October in her first Budget Rachel Reeves delivered a record £40bn of tax rises. At the time, she said she was not looking to repeat this again in 2025.
However, we still have the widening black hole of some £50bn making the economy fragile, UK growth remains slow, and we can’t forget that in the spring Spending Review additional sums were promised to areas such as defence and the NHS.
The Chancellor insists that the economy is not broken, so how do you fix something that isn’t broken? Should we be bracing ourselves for what might need to be a bumper revenue raising Autumn Budget 2025 held on 26 November?
- Will income tax and/or tax thresholds be frozen/adjusted?
- Will we see changes to ISA limits
- Could we see reform to stamp duty or even new property taxes?
- Will pensions come under further scrutiny?
- Will the Chancellor revisit IHT and Capital Gains Tax?
- What other measures might be introduced and how could these impact individuals, families, and businesses alike?
- Will the VAT registration threshold be lowered to £30k or raised to £100k as reported?
At RPGCC, we always say “the devil is in the detail” – and our role is to help you cut through the complexity.
