2025-11-26 11:52:00
That figure is up from the £9.9 billion headroom as set out in their forecast in March. As for the other details:
- Budget extends freezes of personal tax thresholds for a further 3 years from 2028-29 to 2030-31
- The freezing of personal tax and employer NICs thresholds raises £8.0 billion
- There will be a total increase in receipts by £14.9 billion on personal tax changes
- Probability of meeting current budget target is at 59% (previously 54% in March)
- 2025 GDP growth seen at 1.5% (previously 1.0%)
- 2026 GDP growth seen at 1.4% (previously 1.9%)
- 2027 GDP growth seen at 1.5%
- 2025 CPI inflation seen at 3.5% (previously 3.3%)
- 2027 CPI inflation seen at 2.0%
This article was written by Justin Low at investinglive.com.
