Spring Statement

An overview of the Chancellor's announcements.

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

Highlighting national security, state reform and growth.

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

Highlighting employees, employers and the self-employed.

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

Highlighting capital gains tax and inheritance tax.

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

Highlighting consultations and VAT.

12 May 2025

Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.

09 May 2025

The Bank of England has cut interest rates from 4.5% to 4.25%, the lowest rate since May 2023.

08 May 2025

HMRC has come under fire for delays in processing tax refunds.

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