The Chancellor, Rachel Reeves, is reportedly weighing over a hundred separate tax and spending measures as she prepares the 2025 Budget— the next UK Budget is confirmed for Wednesday 26 November 2025. With the Office for Budget Responsibility (OBR) warning of slower growth and tighter fiscal space, the government faces difficult choices about who pays, and how much.
While Westminster debates “headroom,” your household budget is where the real impact will be felt.
⚖️ What Might Change
The government has promised not to raise income tax, National Insurance, or VAT for “working people.” Yet how that group is defined remains flexible — and earners above roughly £45,000 may find themselves outside the protection zone.
Here’s what’s being discussed:
- Higher taxes for higher earners, especially on unearned income and assets.
- Council tax rebanding, raising costs for many homeowners.
- Capital Gains Tax and inheritance reforms, closing reliefs and tightening exemptions.
- Public spending restraint, affecting local services and benefits.
Together, these hint at a shift from taxing work toward taxing wealth — a rebalancing that could change how you plan, save, and invest for the future.
🧠What This Means for You
Budgets don’t just set tax rates — they shape life choices. Whether you’re approaching retirement, building your business, or trying to balance family finances, policy changes can quietly erode your sense of control.
A Financial Life Coach helps you stay one step ahead. We focus not only on tax and money, but on how your finances align with your life’s purpose — what we call your “enough.”
Here’s how we can help:
- Review your life and money goals before policy shifts take effect.
- Stress-test your finances against possible tax rises or rule changes.
- Optimise your plan using allowances and reliefs while they last.
- Build resilience so you can adapt confidently, whatever the Budget brings.
🌱 From Reaction to Readiness
You can’t control government policy — but you can control your response.
Financial Life Coaching gives you the clarity, calm, and confidence to make decisions based on what truly matters to you, not on fear or speculation.
đź“ž Take the Next Step
If you’d like to discuss how these potential Budget changes could affect your personal plan, book a conversation with a Financial Life Coach today.
Together, we’ll make sure your plan stays aligned with your goals, your values, and your future.
👉 Contact a Financial Life Coach
#FinancialLifeCoach #Budget2025 #HolisticWealth #FairerFinance #EnoughIsFreedom
Academy of Life Planning 