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UK Budget: At a glance

26 November 2025

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

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