Rachel Reeves is gearing up to present her Autumn Budget in the upcoming month, amid increasing speculation about potential new tax hikes from the Chancellor.
Simultaneously, a winter program offering £25 payments during cold spells is set to launch, and Ofgem will soon reveal whether energy bills will see another increase this winter.
Additionally, the Office for National Statistics will provide the latest inflation update, while the Bank of England will convene to determine the possibility of cutting interest rates.
The Cold Weather Payment initiative, granting £25 to residents in England and Wales during extended freezing conditions, will kick off on November 1.
To qualify for these payments, households must be recipients of various DWP benefits such as Pension Credit, Income Support, Job Seekers Allowance, or Universal Credit.
In Scotland, the Cold Weather Payments have been substituted by the Winter Heating Payment, amounting to £59.75.
The Bank of England is scheduled to announce its next interest rate decision on November 6. The current base rate stands at 4%, sustained since the September 2025 meeting.
Inflation data for the 12 months leading up to October 2025 will be disclosed by the Office for National Statistics on November 19. Presently, inflation stands at 3.8%, exceeding the Bank of England’s 2% target.
Ofgem will unveil the new energy price cap by November 25, effective from January 1 to March 31. The current price cap is set at £1,755 annually for the average dual fuel household.
Rachel Reeves will unveil her Autumn Budget on November 26, with speculation hinting at a potential Income Tax increase and modifications to savings and inheritance tax regulations.
Black Friday will occur on November 28, followed by Cyber Monday on December 1, with deals anticipated to appear beforehand. Consumers are advised to compare prices online using resources like Price Spy, Idealo, and CamelCamelCamel to secure the best deals.