The Chancellor, Rachel Reeves, delivered her first Spring Statement and second major 'set piece' announcement on 26 March 2025.
In advance, there was speculation that there may be tax changes, an emergency Budget of sorts, but in the end we got lots of departmental spending cuts and some technical announcements around tax.
More concerning were the sluggish statistics on the UK economy and downgraded growth forecasts for 2025.
Please download our full analysis below: