Autumn Budget 2026 winners and losers: From pensioners and workers to savers and landlords

TL;DR

The Budget aims to provide 'breathing space' for businesses and working people.
Low-paid workers will benefit from an increase in the National Living Wage.
Lower-income pensioners will be protected from paying income tax on their State Pension due to a new Pension Tax Allowance.
Some businesses, particularly in retail and hospitality, will benefit from increased Small Business Rate Relief thresholds.
Households will receive a £100 energy payment, and VAT on domestic electricity remains at a zero rate temporarily.
Tariffs on over 100 imported food products are suspended, potentially lowering costs for shoppers.
Tax-free mileage rates for employees using their own vehicles will become permanent, with an increase for higher mileage.
The fuel duty reduction will remain in place until July 2027.
First-time buyers will benefit from the 'Your First Home' scheme and a new First Time Buyer ISA.
Banks will face a doubled surcharge on profits above £100 million.
Tax rates on savings income outside ISAs will increase.
Tax rates on property income for landlords will also increase.
Online marketplaces will become responsible for collecting VAT on sales by UK VAT-registered businesses.
Machine Games Duty will rise for higher-stake gambling machines.
Alcohol duty will increase in line with inflation.
Graduates with Plan 2 student loans will not see a reversal of the repayment threshold freeze.

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