Chancellor of the Exchequer Rachel Reeves held the spring statement on Wednesday, 26th March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and in turn, to support the government's growth mission’.
The Chancellor did meet her commitment that there would be no major tax announcements, but tax is only one side of the equation; the other is spending, and the spring statement confirmed a number of the measures recently announced, namely:
- Cuts to the welfare state
- Cut to the civil service
- An increase in defence spending
There were also announcements about the rollout of their Making Tax Digital for Income Tax project.
For more information, download the summary we have prepared – Spring Statement 2025
If anything in the Spring Statement impacts your business, please get in touch with us, and we can advise you. Call us on 01623 490 120 or email