The Autumn Budget 2025, delivered by Chancellor Rachel Reeves, focused on fiscal stability and growth, introducing significant tax rises (like increased dividend/savings tax, sugar/tobacco levies, and EV mileage tax from 2028) to fund increased welfare spending (abolishing the two-child limit), higher NHS/education/defence budgets, and support for local councils. Key measures included extending fuel duty cuts, freezing regulated rail fares, and raising the tax burden to record levels, balancing immediate pressures with long-term investment in services and growth.
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