Wake Up to Money Bad Day At The Office (for Budget Responsibility)
Nov 27, 2025
Tinika Fricke, a fund manager and investor, shares her insights on the recent budget's unexpected benefits for investors. She discusses how the budget exceeded low expectations, offering relief in bond markets, and analyzes the implications of the tax threshold freeze on motivation to earn. The panel also dives into the accidental early release from the Office for Budget Responsibility, which sparked political reactions. Tinika wraps up by highlighting the sectors that emerged as winners in the wake of the budget's clarity.
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Threshold Freeze Forces More People To Pay Tax
- Freezing income tax and NI thresholds until 2031 will pull millions into higher tax brackets as wages rise.
- The OBR expects 780,000 more people to start paying income tax by 2029–30 due to the freeze.
Forecast Downgrade Offset By Inflation And Wages
- The OBR downgraded growth forecasts but near-term inflation and wage pressures offset revenue losses.
- That mix left a much smaller fiscal hole than feared, reducing the need for immediate big tax rises.
Review Salary Sacrifice Before 2029 Changes
- Employers should review salary sacrifice pension schemes ahead of the April 2029 change.
- Employees should check contributions above £2,000 because those amounts will attract national insurance.