The 2025 Budget - What could it mean for you? (Part 2)

With the 2025 Budget landing on Wednesday 26 November, speculation is ramping up over possible tax rises.

With borrowing costs at a 27-year high, the Chancellor faces a tough balancing act — stimulate growth while keeping the books in check.

This series of articles explores how the Chancellor might tackle this issue without breaking the Labour Party Election Manifesto pledge to avoid raising taxes on working people. 

As we have alreay seen through the increases in Employers National Insurance last year, the Chancellor is not afraid to ask businesses to share the burden. Next in our series we consider the areas that could directly affect businesses.

This potential strategy could raise billions through targeted and politically careful reforms - focusing on banks, online retail, EV schemes and the waste sector as the Government prioritises "Net Zero".