Chancellor John Healey delivered a cautious, stability-focused Autumn Budget, with limited giveaways and few major tax increases against a backdrop of rising inflation, energy costs and pressure on the public finances. Measures include changes to business investment allowances, higher taxes on property and savings income, increased wage rates and targeted support for households and businesses.
Key measures announced during the Autumn Budget:
- National Living Wage to rise from £12.71 to £13.21 an hour from April 2027.
- Tax rates on property and savings income to rise by a further 2% from April 2027.
- ISA restrictions announced in 2025 reversed, retaining the full £20,000 ISA allowance.
- First-year allowance for qualifying main-rate business assets increased from 40% to 50%.
- VAT temporarily removed from domestic electricity bills, with the relief extended to July 2027.
- Small business rates relief threshold increased from £12,000 to £18,000.
Download your in-depth summary of all the key announcements by clicking below:
Autumn Budget 2026: Your complete analysis
Discover the key announcements and insights from Labour’s third Budget – and what they mean for you.