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Spring Statement 2025

Commentary and analysis of the Chancellor’s Spring Statement on 26 March

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Spring Statement 2025

An underwhelming Statement and a stark update on the UK’s finances

As expected, that was 40 underwhelming minutes of my life which I will never get back.

But the Chancellor, Rachel Reeves, stuck to her promise of a single fiscal event per year. The Spring Statement was just that – a fairly stark update on the country’s finances which sees growth in 2025 halved and paper-thin margins on the self-imposed fiscal rules.

Nimesh Shah Budget Spring 24

The Tax Factor – Episode 76

 Spring Statement Special (or… not so special?)

Blick Rothenberg CEO Nimesh Shah and Heather Self break down the Chancellor’s very uneventful Spring Statement. No surprises, no fiscal fireworks – but don’t be fooled.

With major tax changes hitting in April, your wallet will feel it. And as for the Autumn? Nimesh and Heather predict another ‘black hole’ in the public finances, so could Labour be forced to rethink pledges on pensions, Income Tax, VAT, or National Insurance?

Tax Calculator – Check the impact of the Spring statement on your finances

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