Spring Statement 2025 winners and losers including benefit claimants, first-time buyers and savers

Spring Statement 2025 winners and losers including benefit claimants, first-time buyers and savers

Rachel Reeves delivered her long-awaited Spring Statement today, announcing major cuts to public spending. The Spring Statement is not a formal budget – as Labour pledged to only deliver one per year – but instead update on the economy. The Chancellor confirmed that there would be no major tax changes today, however, there were still huge updates that are set to affect millions across the country. Reeves told the Commons “the world has changed” …