Budget 2025 ↗
Published government fiscal measures and supporting documents. Distinguish announcements from the legislation that implements them.
Read the original plans
🇬🇧 United Kingdom
Election watch
Next general election: during the current parliamentary term, which began in 2024.
Election information source ↗Government and alternative plans
Source documents for reference. A party's costing is its own estimate unless identified as independent. Different years, definitions and government levels are not directly comparable. These documents do not automatically change the simulator.
Energy bill tax cut starts today to give families breathing space ↗
Treasury reports electricity VAT removal taking effect on 1 October. The linked DESNZ explainer (26 August) specifies 0% for household electricity and qualifying non-domestic electricity previously eligible for 5%, funded for FY 2026–27. Gas and the standard VAT rate are not covered by this entry. This is an implementation announcement, not a complete budget or a review of the legislation. No aggregate fiscal projection is inferred.
Change ↗
The party-authored programme from the 2024 election. It is not a fresh budget for the next election.
Our Plan to get Britain back on Track ↗
The current party plan updates its savings claim from the £47 billion announced at Conference 2025 to £71 billion a year in 2029–30, allocating £35.5 billion to deficit reduction under its stated rule. It also proposes three years of zero VAT on household energy and halving employer National Insurance for workers aged 21–24. The 7.5% employer rate shown in the summary is arithmetic from the party's halving pledge and HMRC's current 15% headline rate, not a separately printed party figure. The page does not provide a complete annual revenue-and-spending budget or implementation dates.
For a Fair Deal ↗
Party-authored programme and linked financial material from 2024; its proposals are not adopted government policy.
Browse original party manifestos ↗
Use the document browser to select a country, party and election year. This is an archive of political programmes, not a set of audited alternative budgets.
Pension eligibility and payments
Selected scheme verifiedNew State Pension
- Eligibility age
- 66 → 67 during 2026–2028
- Payment basis
- £241.30/week full new rate
Actual entitlement depends on the National Insurance record, including pre-2016 history. This is the full new State Pension rate, not an average or the basic State Pension. Birth-date transitions are in the official timetable.
Reference information only. These rules and payments do not change the simulator’s fiscal model or calculate an individual pension entitlement.
Tax starting points
- Income tax
- 20–45% · Scotland differs
- Corporation tax
- 19% small / 25% main
- VAT / sales tax
- 20% VAT
- Tariffs
- Rates depend on the product, origin and trade agreement.
England, Wales and Northern Ireland non-savings marginal rates for 2026/27 after allowances. Scotland sets different non-savings bands. Corporate small-profits relief and associated-company limits apply.
Income tax source · Corporation tax source · WTO tariff schedules