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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.

24 Dec 2025

IHT reliefs threshold to rise to £2.5 million for farmers and businesses

The level of the Agricultural Property Relief (APR) and Business Property Relief (BPR) thresholds will be increased from £1 million to £2.5 million, the government has announced.

23 Dec 2025

Wages flatline and unemployment rises as jobs market softens

A report carried out by the Resolution Foundation has found that the UK labour market is softening whilst wages stagnate and unemployment rises.

22 Dec 2025

Public contract bids disappearing into a black hole, say small firms

Small firms are being shut out of billions in public contracts as bids disappear into a 'black hole' of unanswered feedback and red tape, the Federation of Small Businesses (FSB) warns.
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