In Focus
Economic and taxation policy: Impact on growth, jobs and prosperity
Ahead of the 26 November 2025 autumn budget, there is growing speculation about potential tax increases. This briefing considers the Labour government’s approach to taxation and the economy so far, including its manifesto commitments and tax decisions set out in the 2024 budget. The briefing also includes statistics and commentary relating to UK jobs, growth and prosperity figures. It has been prepared for a House of Lords debate on 13 November 2025.