Britons brace for potential tax increases as UK government faces pressure to fill a multibillion-pound fiscal gap ahead of the Autumn Budget. Changes to income tax, inheritance tax, and new property taxes are under consideration. Labour’s pledge to not increase taxes on “working people” may be at risk. Possible adjustments to ISA allowances, pension tax-free lump sums, and wealth taxes are also being discussed. Additionally, new taxes on landlords, financial sectors, and gambling companies are being reviewed to address the country’s financial challenges. Bond markets are showing signs of impatience as the government navigates through tough economic decisions. The Autumn Budget is expected in early November 2025, with potential tax changes looming.

Read more at Morningstar: What Tax Changes to Expect