UK Chancellor of the Exchequer Rachel Reeves presented the Budget 2025 to Parliament on 26 November 2025. Some of the main budget measures that will be included in the Finance Bill 2025-26 are summarized in the Budget 2025 — Overview of tax legislation and rates (OOTLAR) as follows:
Personal Tax
Income Tax Personal Allowance and higher rate thresholds
As announced at Budget 2025, the government will legislate in Finance Bill 2025-26 to set the Personal Allowance at £12,570 and basic …