Information correct as at 27 November 2025
In her second Labour Budget, the Chancellor for the Exchequer, Rachel Reeves, stuck to the party’s manifesto commitments and didn’t increase the headline rates of tax.
No major taxes were impacted but the well-publicised freezing of allowances and rate bands were confirmed having the effect of bringing more people into the higher tax bands over the coming years. There were a number of other smaller changes to various taxes and reliefs which are discussed in our Budget Review click here.
As always, the information outlined above is for general guidance purposes only. We appreciate that every individual and business has different circumstances and you should always seek appropriate professional advice before you act on any of the information provided. No responsibility for loss occasioned by any person acting as a result of the material contained in this review can be accepted by Three Counties Ltd, its Directors and employees.
If you would like more information or advice on the Budget or require wider business planning or financial guidance, please do get in touch.
