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.

04 Dec 2025

Still time to start self assessment returns, says HMRC

Although there are less than two months until the self assessment deadline there is still time to start an accurate return, says HMRC.

03 Dec 2025

Spending cuts and tax rises to serve as headwinds to economy

A report published by the Organisation for Economic Co-operation and Development (OECD) has suggested that tax rises and spending cuts announced by Chancellor Rachel Reeves will serve as headwinds to the UK economy.

02 Dec 2025

Director confidence 'near record low'

A report carried out by the Institute of Directors (IoD) has found that confidence amongst business directors is at a near record low.

Accessibility links

Spring Statement

Still time to start self assessment returns, says HMRC

Spending cuts and tax rises to serve as headwinds to economy

Director confidence 'near record low'