Commentary and analysis of the Chancellor’s Spring Statement on 26 March 2025
Spring Statement 2025
Spring Statement 2025
Spring Statement overview
Audit, Accounting & Outsourcing Partner Andy Sanford provides an overview of the Spring Statement.
“With the effect of the Autumn Budget tax changes yet to be fully felt, and the US and UK economy being so intrinsically linked, we wait to see what the US does next.”
US/UK Tax Partner Alex Straight
“As expected there were no declared tax changes, but we can’t forget the huge changes that were announced in the Autumn Budget and the ongoing consequences of those.”
Private Client Partner Kelly Greig
Focus for Businesses
With the underwhelming Spring Statement out of the way, businesses and individuals can now plan with more clarity concerning the changes that were made by the Chancellor.
Our experts at Blick Rothenberg have addressed some key areas of planning that will be required over the next 12 months.
An underwhelming Statement and a stark update on the UK’s finances
As expected, that was 40 underwhelming minutes of my life which I will never get back.
But the Chancellor, Rachel Reeves, stuck to her promise of a single fiscal event per year. The Spring Statement was just that – a fairly stark update on the country’s finances which sees growth in 2025 halved and paper-thin margins on the self-imposed fiscal rules.
TaxFax 2025/26
Our TaxFax guide, which outlines key tax information, has been updated to include the latest changes from the Autumn 2024 Budget and 2025 Spring Statement.
The Tax Factor – Episode 76
Spring Statement Special (or… not so special?)
Blick Rothenberg CEO Nimesh Shah and Heather Self break down the Chancellor’s very uneventful Spring Statement. No surprises, no fiscal fireworks – but don’t be fooled.
With major tax changes hitting in April, your wallet will feel it. And as for the Autumn? Nimesh and Heather predict another ‘black hole’ in the public finances, so could Labour be forced to rethink pledges on pensions, Income Tax, VAT, or National Insurance?
Spring Statement Insights
March 26, 2025
Spring Statement 2025 – Analysis
Following Chancellor Rachel Reeves’ bombshell Budget in October, this was a more sedate affair.
March 26, 2025
Spring Statement 2025 – Winners & Losers
Following Chancellor Rachel Reeves’ bombshell Budget in October, this was a more sedate affair.
March 26, 2025
Spring Statement 2025 – Live Reaction
Instant reaction from our team of experts.
Pre Statement Insights
March 26, 2025
Rachel Reeves needs to reassure Japanese businesses that she has a plan for US President, Donald Trump’s trade tariffs
There is growing concern from Japanese businesses in the UK about US President Donald Trump’s trade tariffs.
March 23, 2025
HMRC’s last tax statistics before the Spring Statement are looking optimistic for Rachel Reeves
Tax take up by £11bn compared to the same time last year.
March 23, 2025
Rachel Reeves needs to attract American businesses and individuals to the UK in the Spring Statement to improve economic growth
America is a valuable source of talent, wealth and successful businesses.
