The upcoming tax rises expected in the UK Autumn Budget on November 26, 2025, are likely to total around £30 billion and will focus mainly on tax increases rather than spending cuts. Key areas expected include:

• Extension of current tax threshold freezes beyond 2028, which effectively raises income tax by pushing people into higher tax bands.
• Potential new levies such as gambling taxes and measures to crack down on tax evasion.
• Changes in property-related taxes like capital gains tax on primary residences, council tax reforms, and potential alignment of capital gains tax rates with income tax.
• Alterations to inheritance tax rules, possibly removing reliefs and restricting gifting exemptions.
• Adjustments to National Insurance and salary sacrifice arrangements increasing tax burdens on employees, pensioners, landlords, and self-employed individuals.
• Possible cuts to tax-free allowances in pensions and ISAs, reducing tax relief for savers.
• Debates around VAT changes, such as lowering the threshold for VAT registration and possibly removing exemptions on services like private healthcare and ride-sharing platforms, although the headline VAT rate is expected to remain at 20%.

The Chancellor, Rachel Reeves, acknowledges the tough fiscal environment marked by rising borrowing costs, weak economic growth, and inflation. These measures aim at balancing the books and reducing government debt as a percentage of GDP by 2030, avoiding more inflationary tax hikes. The package is projected to slow economic growth moderately but is seen as necessary to address the fiscal deficit.

In summary, expect tax rises in income-related taxes through threshold freezes, property and capital gains taxes, inheritance tax, and potentially VAT base expansions, along with modifications to pension and savings tax reliefs as part of the 2025 budgetary approach.