UK Budget 2025: Income tax thresholds frozen, ISA limit cut and new levies in £26bn tax raid after OBR leak
The Office for Budget Responsibility accidentally published details of the UK Autumn Budget hours before Chancellor Rachel Reeves announced tax rises set to reach £26bn a year by 2029–30. The measures include freezing income tax thresholds until 2031, higher taxes on dividends and savings, and new levies on property and tourism. The tax burden is projected to hit a record 38% of GDP. The OBR blamed a “technical error” for the leak.