Published 14 days ago • loading... • Updated 8 days ago

Spring Statement March 2025 - will taxes go up and will there be more cuts?

The Spring Statement includes economic forecasts from the Office for Budget Responsibility and plans to reform benefits, labeled the biggest shake-up in a generation, which could save £5 billion.
The Chancellor of the Exchequer has ruled out new tax raises but is under pressure due to poor economic performance and increasing debt interest costs.
A petition with over 100,000 signatures has been submitted to raise the income tax personal allowance from £12,570 to £20,000 for better support of low earners and pensioners.
Labour MPs have urged the government to compensate women affected by state pension age changes, as recommended by the Parliamentary and Health Service Ombudsman, potentially costing the government £10.5 billion.

Insights by Ground AI

Does this summary seem wrong?

38 Articles

All

Left

Center

Right

Press & Journal

Lean Left

Chancellor has big decisions to make for Spring Statement

A look at the potential areas of tax policy that the Chancellor could revisit and reconsider in the Spring Statement to help investment.

13 days ago·United Kingdom

Read Full Article

The Independent

Lean Left

When is the Spring Statement – and what will be in it?

There have also been several big policy announcements in the run-up to the event, most recently welfare changes to achieve £5 billion in spending cuts by 2029/30

13 days ago·London, United Kingdom

Read Full Article

Manchester Evening News

Lean Left

Spring Statement freezes to tax threshold could affect pensioners and workers - Manchester Evening News

Pensioners and workers across the country could find themselves thrown into paying more tax in the coming years

13 days ago·Manchester, United Kingdom

Read Full Article

Ilkley Gazette

+28 Reposted by 28 other sources

Center

Spring Statement March 2025 - will taxes go up and will there be more cuts?

The UK Spring Statement 2025 is due to be delivered on March 26 by chancellor Rachel Reeves - what are we expecting?

14 days ago·Ilkley, United Kingdom

Read Full Article

nottinghamworld.com

What to expect from the spring statement?

With Chancellor Rachel Reeves set to deliver the spring statement on 26 March, businesses and individuals alike are anticipating further tax reforms, economic measures, and potential changes to long-term financial planning. Ian Dickinson, director in the tax team at UHY Nottingham, shares his insights on what could be on the horizon and what it means for businesses and taxpayers.

12 days ago

Read Full Article