The Budget 2025

The Budget and what it means to you.

While income tax rates on earnings from a job or self-employment were not increased, income tax thresholds will now remain unchanged until 2031. Future pay increases will see a greater proportion of income brought into tax, achieving the same result as a tax rate rise.

Workers on either the national minimum wage or national living wage will see increases in their pay from April 2026 (page 10).

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