Wednesday, 26 November 2025, has been confirmed as the day the Chancellor Rachel Reeves will announce her Autumn Budget.
After months of speculation, the Chancellor’s plans will be unveiled, with taxpayers and businesses finding out her plans to drive the economy forward.
For taxpayers and businesses, this is the perfect time to prepare, now that a date is in place.
What key things must the Chancellor’s budget cover?
The Autumn Budget is where Rachel Reeves will outline the Government’s plan for taxation, spending, and how she will try to improve the UK’s current economic picture.
As well as covering taxation and spending, her budget must instil confidence in taxpayers who are dealing with the current financial challenges, like the cost of living and rising inflation rates.
Rachel Reeves must create an effective plan that stimulates economic growth and supports taxpayers and businesses while ensuring her budget helps the Government balance its books
That is easier said than done, especially with the tight fiscal rules she put in place that she will need to stick to. This means that there will likely be tax rises or spending cuts if the Chancellor is to abide by her rules.
The Chancellor is always working under tricky conditions, given the continued rapid rise in borrowing, which has hit its highest levels since 1998, jumping up to 5.72 per cent.
The latest budget will also confirm the Chancellor’s spending plans for services such as hospitals, schools, police, and the military.
Taxpayers will be most concerned about the continued cost-of-living crisis and rising inflation rates.
With no sign of the current cost-of-living crisis subsiding, families will want to know that support is available.
Now more than ever, after Ofgem announced a two per cent rise to the energy cap from October, and inflation is currently sitting at 3.8 per cent.
The Chancellor must tackle these challenges head on and ensure the needs of the country are met. She is working against a difficult backdrop drop but she must deliver to improve the economic climate.
Preparation is key to managing any financial challenges
Preparing ahead of time will give you the best opportunity to manage what the Chancellor announces in November.
There is uncertainty, given we won’t know exactly what is included until then, but that doesn’t stop taxpayers and businesses from understanding their own financial position.
Pushing budget day to the end of November ensures the Chancellor and the Office for Budget Responsibility (OBR) enough time to create an economic forecast and assess the plans she wants to put in place.
Prepare for every eventuality, assess your incomings and expenditure, and put a sound financial plan in place.
Speaking to financial advisors will help you put an effective plan in place to mitigate any challenges and get Autumn Budget ready.
Speak to our expert team about putting a financial plan in place.