Core Viewpoint - The UK Chancellor Rachel Reeves presented the 2025 Autumn Budget, proposing a £26 billion tax increase aimed at the wealthy while providing relief for workers, with a focus on building a "fairer, stronger, and safer UK" [1][2]. Taxation Measures - The budget includes the abolition of the two-child benefit cap starting April 2026, expected to cost £2.3 billion in 2026-27 and rise to £3 billion by 2029-30 [11]. - A "mansion tax" will be imposed on properties valued over £2 million, with an additional £2,500 in council tax for properties over £2 million and £7,500 for those over £5 million, projected to raise over £400 million by 2031 [13]. - Adjustments to gambling taxes include raising the remote gambling tax rate from 21% to 40% starting April 2026, with an expected total revenue of £11 billion by 2029-30 [15]. - Personal income tax and employer National Insurance contribution thresholds will be frozen for three years starting in 2028-29, expected to generate £80 billion [22]. Wage and Living Standards - The National Living Wage will increase by 4.1% to £12.71 per hour starting April 2026, benefiting over 2 million workers [17]. - The "Help to Save" scheme will be made permanent, allowing low-income individuals to receive a 50% bonus on savings, with a maximum potential gain of £1,200 [19]. Energy and Public Investment - The average household energy bill is expected to decrease by £150 due to the abolition of the "Energy Company Obligation" program, which has been financially burdensome for low-income families [21]. - The budget allocates £1.3 billion for electric vehicle subsidies and £200 million to accelerate the rollout of charging infrastructure [23]. Economic Forecast - The Office for Budget Responsibility (OBR) forecasts GDP growth of 1.5% in 2025, 1.4% in 2026, and 1.6% in 2027, with a consistent growth rate of 1.5% from 2028 to 2029 [7].