Spring Statement 2025: The main headlines
Here we outline Chancellor Rachel Reeves’s key announcements made on 26 March 2025
The value of investments can fall as well as rise and that you may not get back the amount you originally invested.
Nothing in these briefings is intended to constitute advice or a recommendation and you should not take any investment decision based on their content.
Any opinions expressed may change or have already changed.
Written by Dominic Lacey
Published on 26 Mar 20251 minute read
Almost six months to the day on from the Autumn Budget 2024, Reeves delivered her second fiscal statement.
Some key announcements
- Frozen allowances and thresholds announced in the Autumn Budget remain in place
- Inflation projected to fall to 2% by 2027, but expected to average 3.2% this year
- Significant investment in technology to reduce tax evasion
- High Income Child Benefit Charge (HICBC) can be paid through PAYE from Summer 2025
- Review of the current ISA rules. No details have followed at the time of writing
- Increases to defence spending - £2.2 billion from existing reserves
- £2 billion to be spent on social and affordable housing
- £3.4 billion cut to welfare budget
- Pension credit increase of 4.1%
- State pension triple lock increase of 4.1%
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