On Wednesday 26 March, Chancellor Rachel Reeves held her first Spring Statement.
Committing to a single “fiscal event” per year, the Chancellor used her Statement to provide an update on the government’s spending plans, accompanied by a fiscal forecast from the OBR.
As expected, tax changes did not feature and the Chancellor was quick to point out that the much needed stability will be funded by tax measures from Autumn Budget.
Pledging to secure Britain’s future and boost economic growth, the Chancellor announced a raft of spending measures that she says will boost the UK economy by 1.0% this year.
Key points from Spring Statement 2025
Spring Budget 2025 key points and first reactions
MHA Spring Statement reaction
Download our Spring Statement 2025 Tax Data Card & Summary
Tax Data Card 2025-26
Spring Statement 2025 Summary
MHA in the press
Partner Will Johnstone speaks to FT Adviser about the 'Spring Statement 2025: The tax dog that didn’t bark'
Financial Times Logo UK inflation slows more than expected to 2.8%
Spring Statement 2025: UK business leaders react to Chancellor's econmic update
Spring Statement 2025: A blow for retailers, hospitality and farming
Chancellor dashes EV retail hopes, no new stimulus for market
Unexpected fall in inflation as Chancellor prepares for Spring Statement
Our SMES still need support: North West business leaders react to Rachel Reeves' Spring Statement
U.K. inflation eases slightly; stays high enough to keep Bank of England wary
Extra defence funding could boost Lancashire's manufacturing sector
Contact Us
For further guidance on any of the tax measures discussed in the Spring Statement 2025, please contact your usual MHA advisor or Contact Us.
Tax measures from the Spring Budget will have wide-ranging impacts on businesses and individuals across the UK. Our tax experts and industry specialists will be happy to help you adapt and reassess your financial plans in the light of any tax cuts and legislative changes arising from these fiscal announcements.
