Autumn Budget 2025: key updates
The UK government has announced its Autumn Budget 2025, outlining key updates on taxation, spending, and economic policies.
Taxation:
- The basic rate of income tax will remain at 20%, but the higher rate will be reduced from 45% to 42.5%.
- The National Insurance Contribution (NIC) threshold will increase from £9,568 to £10,000.
Spending:
- The government will invest an additional £10 billion in the National Health Service (NHS) over the next three years.
- The budget allocates £5.5 billion for education and £2.5 billion for skills training.
Economic policies:
- The government aims to reduce inflation to 2% by the end of 2026.
- A new £10 billion growth fund will be established to support businesses and innovation.
"Today's budget marks a significant step towards a more balanced economy, with a focus on growth, innovation, and fairness." - Chancellor of the Exchequer
Author's note: The Autumn Budget 2025 reflects the UK government's efforts to address economic challenges, boost growth, and invest in key sectors, including healthcare and education.
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