Chancellor Rachel Reeves unveiled the 2025 Spring Statement to Parliament on Wednesday 26 March.
A key theme in the Spring Statement was economic growth, with the Chancellor highlighting upcoming plans across several areas, including:
- Investment in infrastructure
- National defence
- Welfare and support systems
Here’s our summary of key points:
Welfare & Benefits
- Changes to Universal Credit and disability benefits, including payment freezes and tougher eligibility.
Economic Forecasts
- Growth forecast down for 2025 but upgraded for following years.
- Inflation expected to fall to 2% by 2027.
Housing
- Planning reforms set to boost housebuilding by 170,000 homes over five years.
Public Spending & Rules
- Budget on track to meet fiscal targets by 2030, helped by planned cuts and tax measures.
Defence & Aid
- Defence spending to rise significantly; part-funded by reduced overseas aid.
Public Sector Efficiency
- £6.1bn annual spending reduction planned; 10,000 civil service roles to be cut.
Other Highlights
- 400 new HMRC staff to tackle offshore tax non-compliance.
- Launch of a new tax informant reward scheme.
Our comprehensive 2025 Spring Statement Summary delves into these key measures, alongside other changes that could impact your business or personal finances.
For a detailed analysis, please read our full 2025 Spring Statement report here.
| If you need advice on how the 2025 Spring Statement’s announcements might affect you or your business, don’t hesitate to contact us. Our team is ready to provide you with the insights and guidance you need to navigate these changes effectively. |
