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British Chancellor to present budget/ Tax increases expected in several sectors

2025-11-26 08:00:00, Kosova & Bota CNA

British Chancellor to present budget/ Tax increases expected in several sectors

British Chancellor Rachel Reeves is expected to present the 2026 budget during a conference.

The main rates are not expected to change, but there will be a freeze on income tax thresholds. The freeze could be extended until 2030, meaning people whose incomes rise will pay more tax.

Other changes are also expected in the property market as higher taxes are expected for homes worth more than £2 million, as well as for electric vehicles and pension contributions.

A removal of the benefit cap for families with two children is planned, meaning larger families can claim more income-based benefits.

On Tuesday, minimum wage increases were confirmed as well as changes to the sugar tax./ CNA





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