Money Box Live: Autumn Budget 2025
Money Box
BBC
4.2 • 825 Ratings
🗓️ 24 December 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
For months we’ve heard speculation about what the Autumn Budget might bring - now we know. The Chancellor has delivered her statement, setting out plans for taxes, benefits, and spending. But what does it mean for your money? Our panel of experts break down the key announcements and explain how they could affect you.
Felicity Hannah is joined by David Dodgson, a partner at the independent financial advisors, The Private Office; Helen Thornley, a tax expert from the Association of Taxation Technicians; and Sarah Pennells, a consumer finance specialist for the mutual life and pensions company, Royal London.
Presenter: Felicity Hannah Producer: Helen Ledwick Researcher: Eimear Devlin Editor: Jess Quayle Senior News Editor: Sara Wadeson
(This episode was first broadcast at 3pm on Radio 4 on the 26th of November 2025).
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. |
| 0:07.0 | Hello, Greg Jenner here, host of You're Dead to Me, the comedy podcast that takes history seriously and then laughs at it. |
| 0:13.4 | This Christmas, forget about socks. We've got the best present of all. |
| 0:17.2 | Dead people! |
| 0:18.2 | All that sounds like zombies. Sorry, it's not zombies. Let me start again. |
| 0:21.8 | In our new family-friendly podcast series, dead funny history, historical figures come back to life |
| 0:26.8 | but just long enough to argue with me, tell their life stories and sometimes get on my nerves. |
| 0:31.8 | You're dead to me. |
| 0:32.8 | Dead funny history. |
| 0:34.1 | Listen on BBC Sounds. |
| 0:36.1 | Hello, welcome to this Moneybox Live podcast Budget Special. |
| 0:40.8 | These are my choices, the right choices for a fairer, a stronger and more secure Britain. |
| 0:48.3 | There was an awful lot in the Chancellor's speech. It's been described as a pick and mix |
| 0:53.0 | budget. And as always, with pick and mix, that means we've only been able to take a handful. |
| 0:58.0 | So what we're going to do is focus on the biggest announcements that could affect your money. |
| 1:02.6 | And probably the biggest story of the budget for our personal finances is that Rachel Reeves says she will hold tax thresholds for a further three years, not two, |
| 1:12.3 | as had been talked about. Today, I will maintain all income tax and equivalent national insurance |
| 1:17.6 | thresholds at their current level for a further three years from 2028. Well, we looked at exactly this |
| 1:24.9 | on Saturday's money box. So the thresholds are the points at which you start paying tax |
| 1:29.6 | or start paying the higher rates of tax. |
| 1:32.1 | And they have been frozen since 2021. |
| 1:34.8 | That means they've stayed the same while people's incomes have gone up, |
... |
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