Budget Round-up November 2025
- Dec 8, 2025
- 1 min read
The Chancellor of the Exchequer, Rachel Reeves MP, presented her Autumn Budget to Parliament on 26 November 2025.
There were no rises in income tax, national insurance or VAT, a new High Value Council Tax Surcharge on properties worth £2 million or more from April 2028 and Mayors to gain a new tourist levy power on overnight stays.
Minimum wage for 18 to 20-year-olds rises to £10.85, and National Living Wage increases to £12.71. 0.5% reduction in departmental budgets in 2028/29 compared with the 2025 Spending Review baseline.
£2 billion a year for road maintenance by 2029/30, £48 million to increase planning system capacity and £18 million over two years to renew up to 200 playgrounds. £13 billion flexible funding for seven Mayoral Strategic Authorities (MSAs), a new Local Growth Fund of £902 million over four years for 11 MSAs and five place-based budget pilots to test pooling public service budgets, and considering allocating MSAs a direct share of business rates from across their region to support mayors in driving growth.
Budget Round-up November 2025 - 8.12.25
Kindly supplied by NALC - National association of local councillors
