Autumn Budget 2025 Hub

On 26 November 2025, the Chancellor of the Exchequer delivered the Autumn Budget.

Following months of speculation, the Chancellor opted for a broad range of narrower, targeted measures including changes to reliefs, new anti-avoidance rules and a sharpening of HMRC's administrative powers.

We provide our expert briefings on the key announcements and what it means for businesses. Please get in touch if you would like to discuss in more detail.

Podcast: 2025 UK Autumn Budget Update

In this Horizon Scanning podcast recorded one day after the budget, Simon Nicholls and Mike Lane take stock of the "smorgasbord" of changes and look forward to what might play out over the months ahead.

Smorgasbord not showstopper: the UK Budget 2025 In this blog post, we outline the 2025 UK Budget’s targeted corporate tax changes, including updates to international tax rules, new anti-avoidance measures, sector-specific duties, revised capital allowances and a stronger HMRC enforcement focus.

Autumn 2025 HR Budget speedread In this HR Budget speedread we outline the key employment and HR measures from the Autumn 2025 Budget, including frozen tax thresholds, changes to salary sacrifice, updates to pension and inheritance tax rules, expanded EMI share plan access, and upcoming increases to minimum wage and enforcement.

Autumn Budget 2025: UK Listing Relief for Stamp Duty Reserve Tax In this blog post, we explore the new UK Listing Relief for stamp duty reserve tax, a three-year SDRT exemption for companies newly listed on UK regulated markets, aimed at boosting share prices, liquidity and the attractiveness of UK listings against global competition.

Autumn Budget 2025: balancing the books for energy and infrastructure investment This piece highlights the Budget’s key measures for the energy and infrastructure sectors, including the new oil and gas price mechanism, support for clean energy and nuclear, targeted tax changes, and investment-focused reforms across grid, transport and major infrastructure delivery.

AUTUMN BUDGET 2025: KEY TAKEAWAYS In this one page document, we outline the key takeaways for businesses to consider.

Please do contact your usual Slaughter and May contact, or any of the contacts listed for further information on the items covered.

CONTACT INFORMATION

Mike Lane Partner

Charles Cameron Partner

Phil Linnard Partner

Daniel Schaffer Partner

Philippa O'Malley Partner

Chris Sharpe Partner

Hywel Davies Partner

Richard Todd Partner

This material is provided for general information only. It does not constitute legal or other professional advice.