4 December 2025

By Dr Ed Cantelo
The Labour government’s second Budget was so widely leaked and trialled that it contained few surprises. Contained within it were multiple changes that the Chancellor announced were important to fix the public finances and raise £26 billion, putting the UK on course to have its highest tax burden - as a % of GDP - on record by 2030. In this review, Ed at Medics’ Money breaks down what this Budget means for doctors.