2025 Budget Proposal Uk. The chancellor, rachel reeves, has announced that the first budget of the new parliament will be held on 30 october 2025. On the back of an ambitious king’s speech, the first budget of the new government will seek to announce initiatives for growth, alongside activation of plans to balance the books, across the spectrum of personal and business taxes, as well as employment policy.
Draft legislation currently suggests vat will be charged on fees paid before 29 july 2025 if they relate to terms starting after january 2025. Spring finance bill 2025 will set: