Spring Statement 2025: The main headlines
Here we outline Chancellor Rachel Reeves’s key announcements made on 26 March 2025
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%
What’s next for your money after the Spring Statement?
To find out if any of the announcements made in the Spring Statement could have an impact on what’s next for you and your money, speak to your usual Evelyn Partners contact or book an appointment now.
