The UK budget with record taxes is hitting medium-sized businesses, and the return on tax increases should not be expected until 2028 - experts
News The Insider November 30, 2025 Photo: Adrian Dennis/Getty Images On November 26, British Chancellor of the Exchequer Rachel Reeves presented the autumn budget for 2025. It includes a £26bn tax rise, leading to a record tax burden by the end of the current parliamentary term. The government did not increase income tax, VAT and national insurance contributions, but extended the freeze on tax thresholds and increased taxes on dividends, property and savings income.