UK Autumn Budget 2025: Key changes, market impact & expert insights

The UK Budget announcement was highly anticipated, with many details leaked in advance. 

In an unexpected twist, the OBR accidentally published its forecast before Chancellor Rachel Reeves delivered the statement in Parliament - sparking movement in the markets even before any policy was officially confirmed.

Below is the analysis of the budget's implications for markets, investors and advisers. 

Retail investor perspective

The changes announced this week will likely influence investor behaviour and strategies over the coming years as people digest and navigate the latest changes.

Aberdeen business, interactive investor, has closely analysed the Autumn Budget, explaining how it could impact your pensions, savings and investments. 

Finance Editor, Craig Rickman, reviewed the key policies following the delivery of the budget. 

Here he looks at:

• Cash Isa limit changes
• Salary sacrifice cap
• Fiscal drag prediction
• Dividend tax increase 
• Property taxes
• State pension increase 

Discover more

View the full article and more expert commentary from the team here: interactive investor budget analysis.

Macro perspective

A tax and spend budget with questions on fiscal responsibility as growth is only moderately supported. 

Aberdeen Investments team, Lizzy Galbraith, Luke Bartholomew and Paul Diggle, review the political and economic implications of the budget news.

Included in the analysis is reinforced expectation for a fall in the Bank Rate to 3% next year, the political fallout and detailed review of the latest OBR figures released shortly before the announcement.

Discover more

View the full article on the Aberdeen Investments website here: Aberdeen Investments budget analysis.

You can also listen to the team's initial reaction to the budget on the Macro Bytes podcast below. 

For professional investors only

Adviser perspective 

Our Aberdeen Adviser business explore what it means for advisers and their clients.

In this 'Techzone' article, the team reviews key aspects of the budget that affect financial advice, including:
 
• Pensions
• Income tax and national insurance
• ISAs
• Property Taxes
• Inheritance tax
 
Notable insights from the budget include looking at the extended freeze on tax thresholds, tax increases for dividends, savings and rental income and changes to salary sacrifice.

Discover more

Read the full summary of the main points affecting advice here: Aberdeen Adviser budget analysis. 

UK advisers only