What will be true of the UK government October 2025 Budget?

1.3kṀ75

Nov 26

59%

National Insurance Contributions for landlords

56%

National Insurance (NI) Increase for employees

56%

Capital Gains Tax (CGT) Increase

54%

Income / PAYE Tax increase

54%

Inheritance Tax (IHT) Increase

54%

Corporation Tax Increase

54%

Tax on 'wealth'

50%

VAT Increase

50%

Fuel Duty Increase

50%

Any change to Council Tax

50%

Reeves drinks alcoholic beverage while delivering budget

50%

Reduction in Capital Gains tax-free allowance

50%

Introduction of VAT in more exempt categories (e.g. financial services)

50%

Reduction in ISA contribution limits and/or a cap on total ISA contributions

50%

Introduction of employers National Insurance (NI) contributions on employer pension contributions

50%

Scrapping pension contribution relief for higher tax payers

50%

Inheritance Tax tax-free threshold decreased

50%

Introduction of Inheritance Tax (IHT) on currently-exempt categories (eg. agricultural land and family businesses)

50%

Reduction in the number of years allowed when giving away assets before someone dies before inheritance tax kicks in

50%

Business rates change

The next UK budget is due to be held on 26 November. Which of the above statements will be true about what is unveiled on budget day?

When resolving the "$tax increase" options:

I will resolve YES if:
- The % rate of tax goes up (i.e. paying more)
- The threshold at which it is paid goes down (i.e. more people pay / pay more)
If the tax is changed such that there are winners and losers (e.g. an increase in % rate but also an increase in threshold) then I will resolve 50%.
I will resolve NO if:
- The % rate of tax goes down
- The threshold at which it is paid goes up

Economics

UK politics

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