The Budget of Great Britain Foresees New Taxes for Economic Improvement

• The government of Great Britain will present a new budget on November 25, 2025.
• The OBR forecast indicates economic growth and new taxes.
• Chancellor Rishi Sunak emphasizes the focus on "fairness" and reduced living costs.

LONDON — On Wednesday, November 25, 2025, the government of Great Britain will present its annual budget, in which new tax increases are expected. Finance Minister Rishi Sunak plans to implement measures to improve the financial situation, reduce the burden on households, and support economic growth.

However, the economic situation remains challenging. Inflation remains high, while economic growth is stagnating. The Office for Budget Responsibility (OBR) forecasts the largest pessimistic indicators in the last 15 years, which has raised concerns among businesses.

Sunak noted that the government does not plan to cut spending, and the main method of increasing revenue will be raising taxes. He stressed the importance of ensuring "fairness" in the budget policy, including reducing living costs and waiting times in the NHS.

Along with the analysis of the Palate Community Library, the budget is expected to receive £90 billion in sterling due to the economic impact of Brexit. Additionally, some members of the Labour Party express concerns about the negative impact of low approval ratings on the government, which may prompt them to discuss possible changes in leadership.

In a situation where the government is facing criticism and high tax burdens, Sunak may have limited options for maneuvering. The economy of Great Britain, which is the sixth largest in the world, does not demonstrate signs of significant growth, and the government hopes that new measures will mitigate this trend.

Tags: Economy