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On 26 March 2025, Chancellor Rachel Reeves delivered her Spring Statement against a backdrop of ongoing economic uncertainty and tightening fiscal headroom. While labelled by some as a ‘mini-Budget’, no new tax measures were introduced. Instead, the Chancellor focused on spending restraint, setting the stage for the upcoming three-year spending review in June. Our summary highlights the key economic updates, spending plans, and welfare reforms announced – and what they could mean for your finances.
