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Law firm says Spring Statement lacks 'business-friendly measures'

Chancellor Rachel Reeves delivered the Spring Statement on Wednesday, March 26th, outlining welfare cuts and increased defense spending, leading to renewed calls for local government funding reform.
Voters are primarily concerned with the economy, the NHS, immigration, and defense and security, while the Spring Statement is criticized for not addressing the cost-of-living crisis, repairing public services, or driving strong economic growth.
The Spring Statement includes a £625 million construction skills package to produce 60,000 new workers, investment in social and affordable housing, and allocation for infrastructure projects, but also entails £3.6 billion in departmental spending cuts and £4.8bn in cuts to benefits and Universal Credit.
The Department for Work and Pensions estimates the changes to social security will result in an additional 250,000 people, including 50,000 children, in relative poverty after housing costs in 2029/30, while some three million UK families will lose around £1,700 a year in welfare by 2030.
Facing a 'lesser crisis,' the government is urged to redefine budget responsibility, rewire key financial institutions, and address public money leakage to achieve national renewal, potentially requiring a policy U-turn before the October 2024 Budget.

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Salisbury Journal

Center

MP speaks to local businesses about Spring Statement amid ‘challenging times’

Salisbury MP John Glen delivered his response to Chancellor Rachel Reeves' Spring Statement to business owners on Friday morning

1 day ago·Salisbury, United Kingdom

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Sussex Express

+22 Reposted by 22 other sources

Center

Spring Statement leaves UK SME’s more financially vulnerable, reports show

The Chancellor’s Spring Statement, delivered in March 2025, outlined long-term ambitions for economic growth through investment in defence, housing, and digital transformation.

2 days ago·Lewes, United Kingdom

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Daily Echo

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Law firm says Spring Statement lacks 'business-friendly measures'

A Ringwood law firm has criticised the Spring Statement for lacking "business-friendly measures."

2 days ago·Southampton, United Kingdom

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Mortgage Solutions

Spring Statement 2025: A housing market let down – industry leaders demand action

The Chancellor’s Spring Statement left much to be desired for the mortgage and housing sector. The post Spring Statement 2025: A housing market let down – industry leaders demand action appeared first on Mortgage Solutions.

11 hours ago

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West Country Voices

When the world changes...

Photo by Nick Fewings on Unsplash Our government faces stiff challenges and if it is to meet them and deliver the promised national renewal, it will need a rapid and significant shift in mindset. Before the 2024 General Election, Sir Keir Starmer explained that the UK needed a decade of national renewal. He was undoubtedly correct. The Chancellor recently commented that: “The world has changed, [we] can see it before our eyes, in a whole number…

2 days ago

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City AM

London's commercial property sector is suffocating

A combination of environmental regulations and falling office attendance means commercial property is struggling and the Spring Statement was a missed opportunity to turn it around, says Dan Drogman The UK’s commercial property sector is being strangled from all angles, and this year’s Spring Statement was a missed opportunity to relieve that pressure. Let’s start with the ever-changing landscape that we in the industry face. Firstly, there ar…

2 days ago·London, United Kingdom

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