For an already embattled Government, the upcoming Autumn Budget presents another inflection point. Facing a significant deficit, downgraded forecasts, and pressure to unveil further reforms, media scrutiny has aggressively turned to how the Government plans to raise the revenues required to meet its fiscal rules, while sustaining its growth mission.
With the Budget announcement set to happen on 26 November, the Dods Political Intelligence team put together this comprehensive briefing to provide you with key context, along with a sectoral analysis. Complementing our standard coverage of Budget speculation, it provides a sector-by-sector assessment of the state of play, the main policy debates, and a forward look at what to expect from the Chancellor’s statement.
Speculation over potential tax rises and spending cuts has dominated the political landscape recently, and the Autumn Budget will be viewed as a key test of the Government’s fiscal credibility and political judgement. Against this backdrop, this briefing aims to provide clear analysis to aid in understanding an increasingly saturated media and policy environment. It begins by setting out the fiscal state of play and explaining how the UK arrived at this point, before exploring the choices, pressures, and politics shaping the Autumn Budget 2025.
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Image: Flickr/HM Treasury