On 26 March, The Chancellor, Rachel Reeves, delivered her Spring Statement yesterday, setting out the government’s latest position on spending and economic policy, set against the backdrop of reduced growth forecasts and limited fiscal headroom.
Whilst the Statement didn’t introduce any new tax increases, previously announced measures such as the National Insurance rise and ongoing fiscal drag remain in effect. It is widely expected that more substantial tax announcements will follow in the Autumn Budget.
We’ve summarised the key points that may affect individuals and businesses. Please click below to read our full summary.
We recognise that each individual's situation is unique, and the impact of the Spring Statement will vary. Therefore, if you have any questions, concerns, or simply wish to discuss what this means for you and your business, do not hesitate to get in touch.
