What to Know About the Forthcoming Budget
20 November 2025
The next UK Budget is scheduled for 26 November 2025, when Rachel Reeves, the Chancellor of the Exchequer, will set out the government’s fiscal plan.
What we can expect
With borrowing costs elevated and the public finances under pressure, expect announcements that aim to shore up fiscal stability. Possible tax or spending changes: analysts suggest the Budget might target higher earners or certain sectors for additional revenue. Growth-oriented statements: although stabilising finances is key, the government is also signalling a drive for investment, infrastructure and reform.
What not to do in preparation
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Don’t assume tax rates or thresholds will stay the same — avoid committing to major financial decisions (e.g., big purchases or restructuring) until the details are clear.
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Don’t delay gathering your business and personal tax records wondering if something will change — early preparation is still wise.
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Don’t ignore how your own sector may be affected — if there are sector-specific measures coming (for example higher earners, property, or business tax), you’ll want to be ready.
Our full analysis afterwards
Once the Budget is delivered, we will provide a full breakdown and analysis of how the changes affect you — whether that’s in tax planning for individuals, compliance issues for businesses, or specific impacts for the construction and CIS sector which we serve. We’ll highlight:
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key changes that matter for SMEs and contractors
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planning opportunities (and risks) arising from new measures
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how timing and implementation might affect your 2025/26 tax year
Keep an eye on our blog/newsletter for that update straight after 26 November — we’ll guide you through the implications so you can act with confidence.
