Rachel Reeves is preparing to present her Autumn Budget next month, amid increasing speculation about potential tax hikes by the Chancellor. Concurrently, a winter program offering £25 payments during temperature drops will commence, and Ofgem will disclose if energy bills are set to rise this winter.

Additionally, upcoming events include the release of the latest inflation data by the Office for National Statistics (ONS) and the Bank of England’s meeting to determine a possible interest rate cut. Here is a summary of the key updates.

The Cold Weather Payment scheme, providing £25 to residents of England and Wales during prolonged sub-zero temperatures, will start on November 1. Eligibility requires households to receive specific DWP benefits like Pension Credit or Income Support.

In Scotland, the Cold Weather Payments are replaced by the Winter Heating Payment, valued at £59.75. The Bank of England will announce its interest rate decision on November 6, currently set at 4%.

Inflation figures for the 12 months up to October 2025 will be published on November 19, with the current rate at 3.8%, above the Bank of England’s 2% target. Ofgem is expected to reveal the new energy price cap by November 25, impacting average annual dual fuel bills.

Rachel Reeves will unveil her Autumn Budget on November 26, with speculations hinting at a possible Income Tax increase and alterations to ISA and Inheritance Tax regulations. Black Friday and Cyber Monday will follow in late November, prompting consumers to compare prices diligently before making purchases online using platforms like Price Spy, Idealo, and CamelCamelCamel.