Five key takeaways from the Spring Statement
Downgraded economic forecasts, increased defence spending and cuts to welfare were a few of the developments
Rachel Reeves
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Spring Statement 2025: ISA reform prospects welcomed as ‘a real opportunity’
Government commits to looking at options
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‘Road ahead is anything but smooth’ as UK inflation dips
ONS figures show inflation fell to 2.8% in 12 months to February
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Analysis: Gloomy OBR forecasts expected to dampen chancellor’s Spring Statement
Economists believe key economic variables will continue to work against Rachel Reeves’ fiscal rules well into the Autumn
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Bank of England holds interest rates amid market uncertainty
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
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Bank of England cuts interest rates to 4.5%
FTSE rose to a record high this morning on expectations of the 25 basis points cut
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Chancellor labels net zero the ‘industrial opportunity of the 21st century’
In a major speech to business leaders, Reeves reiterated the government’s backing for net zero schemes
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Quilter warns IHT on pensions plan risks ‘significant problems’ for families
The firm called for a ‘flat-rate tax’ instead
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Pictet’s Ramjee: Corporate bonds ‘paradoxically safer’ than government
Shaniel Ramjee on the current state of corporate and government bonds
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‘The Chancellor has a large task ahead’: UK GDP rises by 0.1%
While construction output increased by 0.4% in November last year, production output fell by 0.4%
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30-year gilt yields hit 27-year high
While 10-year gilts reached 2008 levels, causing concern over the state of public finances
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FCA consults on ‘PISCES’ private stockmarket
Chancellor proposed the idea at her Mansion House speech last month