On Wednesday afternoon, after weeks of speculation (and an unprecedented early leak by the Office for Budget Responsibility), the Chancellor finally revealed her second Budget. Tom Golding, PKF Littlejohn partner considers some of the main tax changes and what these may mean for insurance brokers.
The lead-up to the Autumn Budget 2025 included many rumoured initiatives – from wealth taxes and exit taxes to pension reform, and even the possibility of Labour breaking its manifesto pledge and increasing Income Tax. However, a lot of this speculation proved to be just that, rumours.
One of the few pre-Budget rumours that turned out to be accurate involved the extension of the freeze on multiple tax thresholds.
The Chancellor Rachel Reeves said the freeze on personal tax thresholds will be
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