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

Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read
How can firms improve client engagement with wealth products?

How can firms improve client engagement with wealth products?

Consumer first focus; Simplifying prodcut information

James Wood
clock 30 June 2025 • 4 min read
Verso rejects platform incentives model, says adoption must be earned

Verso rejects platform incentives model, says adoption must be earned

Nucleus-built platform rolled out across advice group with no mandated use as consolidator targets £5bn AUM

Sahar Nazir
clock 27 June 2025 • 2 min read