Spring Statement 2025: Summary and Key Announcements
Chancellor’s Spring Statement brings ‘sting in the tail’ for businesses
Rachel Reeves delivered her inaugural Spring Statement on 26 March 2025 and outlined some significant cuts to Government spending. Ahead of the statement Ms Reeves ruled out the announcement of “tax and spend” policies and it appears that she has been true to her word. However, with the OBR downgrading the growth forecast for 2025, whether or not further tax changes will be announced in the 2025 Autumn Budget remains to be seen.