Our review of the November 2025 Budget

Martin Gibbs is joined by Dafferns tax partners Brian Jukes and Mark Brayshaw to chew over the November 2025 Budget. In a clear breach of their manifesto pledges, Chancellor Rachel Reeves came back for a second year of tax raises. This time she is after a further £26 billion on top of last year’s £40 billion. Tax and spend, but spending on “benefits that benefit a minority of people funded by working people”Check out our detailed Budget analysis at Dafferns.comThis episode is also available as a Youtube videoThe information in this podcast/video is for general information only and is not intended to constitute personal tax, accounting, investment or financial advice. Tax rates, allowances and reliefs depend on individual circumstances and may change in the future. Any examples provided are for illustration only and may not reflect your personal position. While the content is believed to be accurate at the time of recording, Budget measures may change as further detail emerges, including through draft legislation or subsequent announcements. We accept no responsibility for any losses arising from reliance on this content. We are not responsible for the content of any third-party websites referred to. E&OE.Dafferns is a full service, independent UK accounting firm, based in Coventry, with national and international connectionshttps://dafferns.com/