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

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News in Review Wednesday 3rd December 2025

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