The Autumn Budget 2025: Tax choices & challenges

As the Chancellor prepares to deliver her Autumn Budget on 26 November, her recent “scene-setter” speech has fuelled debate about whether tax rises are inevitable - and whether manifesto pledges on income tax, National Insurance and VAT can realistically hold. With protecting the NHS, reducing national debt and improving the cost of living set as her top priorities, the question now is not if difficult choices lie ahead, but which ones.In this Director podcast episode, host Ben Walker sits downwith Dan Neidle (founder of Tax Policy Associates and one of Britain’s most respected voices on taxation and public policy) and Anna Leach (IoD Chief Economist) to unpack the tax choices and challenges facing the Chancellor ahead of the Budget. Together, they explore the fiscal and political constraints shaping this Budget, what a pro-growth yet progressive tax regime could look like in 2025, and how stability in tax policy affects business confidence and investment.

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