Stairway to headroom

Putting the Autumn Budget 2025 decisions on tax, spending and borrowing into context

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The Chancellor’s second tax-rising budget arrived under dark clouds, but forecasts came in better than feared. But even though she was saved from the worst predictions of past weeks, the Chancellor still faced a tough task to clear three big hurdles – fixing the public finances, easing the cost of living squeeze on families, and taxing smartly and fairly.   This briefing note argues that she did clear these hurdles, albeit not flawlessly. She scraped over … Continued

Housing Outlook Q4 2025

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In 2012, Local Housing Allowance (LHA) levels were linked to the 30th percentile of local rents and automatically revised to reflect market changes. However, since the systematic link with market rents was broken 13 years ago, the Government has frozen LHA rates eight times, and repegged to the market level just twice (in 2020 and … Continued

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