Bbc News 2025 Budget Updates. The office for budget responsibility suggests it will fall to its target of 2% in april to june 2025 (remember, a bit of inflation is a good thing, otherwise things grind to a halt). Speaking to the bbc, chief secretary to the treasury darren jones has said the manifesto commitment to not raise income tax, vat or national insurance on working people.
New chancellor rachel reeves’s hike in employer’s national insurance contributions (nics) in her autumn budget will. Here is a full list of the 10 top financial changes impacting british households in 2025 and when they are likely to take place, according to experts from ocean finance: