BUDGET 2025: Budget LEAKED ahead of time
Page Content
Budget leak alert: The Office for Budget Responsibility — that’s the independent body that checks the government’s sums — has accidentally released its latest Budget document early.
According to the leak, tax allowances will remain frozen, which means your personal tax thresholds aren’t rising with inflation.
That might sound small, but it’s a big deal for households. As wages rise, more people get pulled into paying higher levels of tax — something called “fiscal drag.”
In plain English: even if your pay goes up, you could end up paying more tax without realising it.If you can, check whether you’re close to a tax threshold and think about using your ISA or pension allowances to shelter more of your money from tax.
Related News
FCA proposes new rules for classifying investors
Use our fiscal drag calculator to see how much frozen tax thresholds have cost you
What kind of investor are you?
“I want a guaranteed, fixed rate of interest”
Not sure what kind of investor you are?
Take Our Investor Persona Quiz
