Spring Statement

Download the Spring Statement 2025 (pdf)

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.

13 Jan 2026

Over 4,800 self assessment scams reported

More than 4,800 self assessment scams have been reported since February 2025, according to data released by HMRC.

12 Jan 2026

Anxiety over business rates hits record high

A poll carried out by the British Chambers of Commerce (BCC) has revealed that business rates anxiety has hit a record high, with 34% of firms worried about their rates.

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Budget report

Our summary of the key announcements from the Chancellor's latest Budget .

Read about the budget

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