Spring Statement and UK Budget 2025 Breakdown: What It Means for You
Rachel Reeves delivering her spring statement in the Commons. Photograph: House of Commons The UK The Chancellor of the Exchequer ( Rachel Reeves) has delivered the Spring Statement for 2025, setting out the UK’s economic plans for the year ahead. Budgets and policy updates might not sound thrilling, but they directly impact your finances, job security and daily life. Politicians and other key figures are already weighing in. But let’s cut through the jargon and get to what actually matters. The UK’s Economic Challenges: A Tough Road Ahead? The global economy is shaky and the UK isn’t immune. Rising fuel prices, high mortgage rates and stubborn inflation mean that households are feeling the pinch. The Office for Budget Responsibility (OBR) has crunched the numbers and while the UK is still keeping pace with the G7, growth remains sluggish. One major concern is the increasing number of people leaving the workforce due to long term health issues. The government’s Plan for Change...