News in Review Wednesday 3rd December 2025

This week’s News in Review highlights some of the main announcements from Chancellor Rachel Reeves’ second Budget and weakening retail sentiment

Key takeaways:

  • The Budget included a number of tax and spending measures, estimated to raise £26bn in taxes by 2029/30
  • Key announcements included changes to Dividend Tax and changes to salary-sacrificed pension contributions
  • An extension of the freeze on Income Tax and secondary NIC’s thresholds until April 2031 was also announced