36 minutes | Thursday, 4 December 2025
The latest episode of the Happy Days Podcast sees Lorraine and Travus unpack the Government’s November 2025 Budget and what it really means for small businesses, families, and anyone trying to keep their finances in order during a challenging economic period.
They explore the rising pressures facing business owners, from stalled growth to increasing employment costs, before diving into the headline changes. There’s a frank look at the 2% rise in dividend tax across all bands, the National Living Wage increase and the impact on already-squeezed small firms, and the controversial decision to roll out pay-per-mile tax for electric vehicles.
Lorraine and Travus also break down the removal of the two-child benefit cap, the risks surrounding higher taxes on property and savings, and the ongoing freeze of NIC and income tax thresholds until 2031. They highlight the measures the Government hasn’t shouted about too loudly too, including gambling tax changes and ISA reforms. And amid the gloom, they do find one sliver of relief: a cut to domestic fuel bills.
It’s a clear, honest and practical guide to what the Budget really means on the ground for business owners and families.
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