Key Points & Tax Changes – Forbes Advisor UK
27 November 2025: Households Count Cost Of Tax-Raising Measures Chancellor Rachel Reeves’ second Budget, delivered earlier today after its contents were mistakenly released prematurely by the Office for Budget Responsibility, contained several measures that will directly impact household budgets, writes Laura Howard, Mark Hooson & Kevin Pratt. Income tax thresholds Labour’s 2024 election manifesto promised not to raise income tax, employee national insurance contributions or the rate of VAT, and the Chancellor, despite fevered speculation in the run-up to the Budget, honoured this commitment. But many people will find themselves...










