Budget 2025

The Chancellor of the Exchequer presented her Budget 2025 to Parliament on Wednesday 26 November 2025.

Strong foundations, secure future.

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Budget 2025 in full

This is the full Budget 2025 with supporting and related documents.

Strong foundations, secure future: a Budget that delivers on the country's priorities

Rachel Reeves sets out a Budget that delivers on the change promised by the government to cut NHS waiting lists, cut debt and borrowing and cut the cost of living.

Budget 2025 document

This is the full Budget 2025 document in print, web and HTML accessible versions.

Budget 2025 speech

Budget 2025 speech as delivered by Chancellor Rachel Reeves.

Latest updates

• Reform of non-compete clauses in employment contracts: working paper
  • 19 February 2026
  • Policy paper
  • Policy paper
  • This working paper sought views on different options to reform non-compete clauses in employment contracts.
• Government publishes Budget Information Security Review
  • 9 February 2026
  • Press release
  • Government has today published a review with recommendations to protect information security at future fiscal events.
• Consultation on the Introduction of Electric Vehicle Excise Duty (eVED)
  • 20 January 2026
  • Open consultation
  • A consultation setting out further detail on how eVED will work.
• Reforming the customs treatment of low value imports into the United Kingdom
  • 9 January 2026
  • Closed consultation
  • This consultation announces the removal of the £135 customs duty relief for low-value imports and seeks views on certain elements of a new set of customs arrangements for these goods.
• Remit and recommendations for the Financial Policy Committee: Budget 2025
  • 6 January 2026
  • Correspondence
  • Correspondence
  • Letter from the Chancellor of the Exchequer to the Governor of the Bank of England providing recommendations for the Financial Policy Committee (FPC).

See more updates

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