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Spring Statement

An overview of the Chancellor's announcements.

Introduction

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025.

Government spending announcements

Highlighting national security, state reform and growth.

Personal Tax

Highlighting income tax, pensions and non-UK domiciled individuals.

National Insurance contributions

Highlighting employees, employers and the self-employed.

Employment

Highlighting the National Living Wage, the National Minimum Wage and company cars.

Capital taxes

Highlighting capital gains tax and inheritance tax.

Business

Highlighting MTD for income tax, corporation tax, capital allowances and Furnished Holiday Lettings.

Other matters

Highlighting consultations and VAT.

Latest business news

UK Treasury to regulate cryptocurrency under new legislation

The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework, with legislation due by 2027.

UK inflation falls to 3.2% in November

UK inflation fell by more than expected in November amid a slowdown in food prices, according to the latest data from the Office for National Statistics (ONS).

Weaknesses holding UK economy back, CBI warns

The latest economic forecast from the Confederation of British Industry (CBI) has warned that 'underlying weaknesses' are holding the UK economy back.

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