Rachel Reeves is gearing up to present her Autumn Budget next month, amid increasing speculation that the Chancellor is contemplating introducing new tax hikes.
Simultaneously, a winter program offering £25 payments during temperature drops will kick off, while Ofgem will disclose whether energy bills will surge this winter.
Additionally, the Office for National Statistics (ONS) will provide the most recent inflation update, and the Bank of England will convene to determine potential interest rate cuts.
The Cold Weather Payment initiative, granting £25 to residents in England and Wales during prolonged sub-zero temperatures, will commence on November 1.
To qualify for this assistance, households must be recipients of various DWP benefits such as Pension Credit, Income Support, Job Seekers Allowance, or Universal Credit.
In Scotland, the Cold Weather Payments have been replaced by the Winter Heating Payment, valued at £59.75.
The Bank of England is scheduled to announce its next interest rate decision on November 6, with the current base rate standing at 4% following the bank’s decision to maintain it during the last meeting in September 2025.
Inflation data for the 12 months leading up to October 2025 will be unveiled by the ONS on November 19, with the current inflation rate at 3.8%, still above the Bank of England’s 2% target.
Ofgem will reveal the new energy price cap by November 25, effective from January 1 to March 31, with the current cap set at £1,755 annually for average dual fuel households paying via direct debit.
Rachel Reeves is slated to deliver her Autumn Budget on November 26, with speculations suggesting a potential Income Tax increase, which could breach a significant Labour election promise.
While the Chancellor has not confirmed any tax rises, it is common practice for them to neither confirm nor deny such speculations prior to a Budget announcement.
Reports indicate a possible rise in the base rate of Income Tax from 20% to 22%, along with discussions on reducing the cash ISA limit and altering Inheritance Tax gifting regulations.
Black Friday is scheduled for November 28, followed by Cyber Monday on December 1, though deals typically appear prior to these dates. Consumers are advised to compare prices online before making purchases to avoid overpaying.
Utilize platforms like Price Spy, Idealo, or CamelCamelCamel to monitor prices across various retailers, including popular ones like Argos, Amazon, eBay, and supermarkets.