After months of speculation, the UK government has finally unveiled its tax and spending plans for the year ahead. As many had expected, UK wealth holders are facing higher taxes – with the country’s tax burden to reach an all-time high of 38% in 2030-31, according to the Office for Budget Responsibility (OBR)1.
This article summarises some of the bigger decisions announced by the Chancellor today affecting wealth holders.
1Office for Budget Responsibility, November 2025