The Budget unveiled significant changes with key dates to remember. Alcohol prices will increase in February 2026, with a 3.66% rise in alcohol duty. Rail fares in England will remain frozen until 2027. The two-child benefit cap under Universal Credit will be removed in April 2026. State pensions will increase by 4.8% in April 2026, reaching £241.30 per week. DWP benefits will rise in line with inflation, with the Universal Credit standard allowance also set to increase. Car tax will rise with inflation from April 2026. Energy bills are expected to reduce by £150 in April 2026. The minimum wage will increase to £12.71 per hour in April 2026. NHS prescription costs will be frozen at £9.90 per item. The fuel duty cut will end in September 2026. The cash ISA limit will be reduced to £12,000 for under-65s from April 2027. Tax rates on savings interest and property interest will rise from April 2027. Student loan repayment thresholds will be frozen from April 2027. Pensions will be subject to Inheritance Tax from April 2027. A mansion tax will target homes over £2 million from April 2028. Electric vehicle drivers will face new mileage taxes from April 2028. The Help to Save scheme will become permanent from 2028. The freeze on tax thresholds will end in April 2031.
