Spring Statement

Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025.

Highlighting national security, state reform and growth.

Highlighting income tax, pensions and non-UK domiciled individuals.

Highlighting employees, employers and the self-employed.

Highlighting the National Living Wage, the National Minimum Wage and company cars.

Highlighting capital gains tax and inheritance tax.

Highlighting MTD for income tax, corporation tax, capital allowances and Furnished Holiday Lettings.

Highlighting consultations and VAT.

Interest rates cut to 4.25%

The Bank of England has cut interest rates from 4.5% to 4.25%, the lowest rate since May 2023.

09 May 2025

HMRC has come under fire for delays in processing tax refunds.

08 May 2025