The 2025 UK Budget introduces frozen tax thresholds until 2031, caps on pension salary sacrifice from 2029, and increased taxes on investment income, meaning higher earners will face significantly larger tax bills by the end of the decade.
The 2025 Budget introduces a 3p-per-mile tax on electric vehicles from 2028 alongside fuel duty increases and extended EV grants, fundamentally changing the cost calculations for UK motorists.
The UK Budget 2025 brings mixed news for small businesses, with permanently lower business rates for high streets but higher dividend taxes affecting most firms from 2025 onwards.
The UK Budget 2025 leaves stamp duty unchanged for first-time buyers but introduces significant changes to savings limits, launches a consultation on replacing Lifetime ISAs, and provides cost of living support measures that could free up more money for deposit saving.
The two-child limit on Universal Credit's Child Element will be scrapped from April 2026, lifting 450,000 children out of poverty, though Child Benefit itself remains unlimited for all children.
