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Chancellor used Spring Statement to 'fine-tune' spending plans

27 Mar 2025

In its initial response to the 2025 Spring Statement, the Institute for Fiscal Studies (IFS) said that Chancellor Rachel Reeves used the Statement to 'fine-tune' her spending plans so that she will continue to meet her fiscal rules.

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No further tax increases in Spring Statement

26 Mar 2025

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.

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2025 Spring Statement - the political reaction

26 Mar 2025

Addressing the House of Commons, Chancellor Rachel Reeves used the 2025 Spring Statement to announce an increase in defence spending and a move from a deficit of £36.1 billion in 2025/26 to a surplus of £9.9 billion by 2029/30.

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2025 Spring Statement - the business reaction

26 Mar 2025

Business groups, including the Federation of Small Businesses (FSB), the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI) have reacted to Chancellor Rachel Reeves' 2025 Spring Statement speech.

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2025 Spring Statement - the economic picture

26 Mar 2025

Within her Spring Statement speech, Chancellor Rachel Reeves revealed that the Office for Budget Responsibility (OBR) has halved UK economic growth from 2% in October 2024 to 1% in 2025.

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2025 Spring Statement - what to expect

26 Mar 2025

Chancellor Rachel Reeves will present the 2025 Spring Statement today. We will keep you up to date on the key Spring Statement announcements and supply a summary, which will appear on our website.

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