Budget 2025: mixed industry reaction to £26bn tax raising Budget

By newsdesk 2025-11-26T15:56:00

Chancellor’s continued focus on capital investment welcomed but property sector disappointed that viability issues are not addressed

The chancellor’s second Budget, designed to double her fiscal headroom to £22bn, has received a mixed reaction from the construction industry, with many firms welcoming her commitment to capital investment and funding for apprenticeships but others warning of the impact of property taxes on the housing market.

Rachel Reeves outlined £26bn in tax rises this afternoon, including freezing income tax thresholds until April 2031, increasing the minimum wages and introducing a so-called mansion tax in England for properties valued at over £2m.

Other measures included £13bn skills, business support and infrastructure funding for seven regional mayors as well as halting plans to converge two rates of landfill tax halted.

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