Autumn budget 2025: What did Rishi Sunak announce?
Chancellor Rishi Sunak has delivered his autumn budget 2025, with a focus on reducing the UK's budget deficit and supporting economic growth.
The budget includes measures to increase taxes, reduce public spending, and boost investment in key sectors such as energy and technology.
- Increases in National Insurance contributions (NICs) for employees and employers
- Rise in corporation tax from 19% to 25%
- Decrease in public spending on benefits and services
- Boost in investment in renewable energy and technology
Quotes
"We will not be able to balance the budget by 2025, but we will make progress." - Rishi Sunak
The budget has been met with a mixed reaction from economists and politicians, with some arguing that the measures will help to reduce the deficit, while others believe they will harm economic growth and increase inequality.
The autumn budget 2025 is a significant moment in the UK's economic recovery and will shape the country's financial landscape for years to come.
Author's summary
Chancellor Rishi Sunak's autumn budget 2025 aims to reduce the UK's budget deficit and support economic growth, but the measures have been met with a mixed reaction from economists and politicians.
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