Spring Statement 25: What to expect

Expect welfare cuts, defence spending, but little movement on tax

clock • 3 min read

Following an Autumn Budget that saw major tax announcements affecting financial advisers and their clients, the Spring Statement should be a more muted event for the profession.

Reeves is expected to attribute spending cuts to global market toil influenced by Trump's presidency, which has driven market jitters over tariff impacts, The Telegraph reported. Further welfare cuts following last week's disability benefit allowance rule tightening are expected to feature as the government looks to make up a £1.6bn shortfall needed to hit her self-imposed fiscal rules, The Times was first to report. The Guardian reported that the additional £500m hoped to be generated from the plans was seen to be required after the Office for Budget Responsibility cautioned that pre...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read
Wealthtime swings to £10m loss after setting aside £7.5m for legacy asset complaints

Wealthtime swings to £10m loss after setting aside £7.5m for legacy asset complaints

Platform firm moves forward with Wipro-led transformation despite fall in profitability

Sahar Nazir
clock 10 July 2025 • 2 min read