There were few new announcements in this Spring Statement, the most significant announcements have been in changes to benefits and welfare. Below sets out the government current fiscal plans and their impact following the spring statement discussed by Alice Pugh. Benefits and Welfare There have been significant changes to Personal Independence Payments (PIPs) and Universal … Continue reading “What is the anticipated impact of the Spring Statement 2025?”
Tag: The Spring Statement
The Spring Statement 2025
In her first Spring Statement the Chancellor of the Exchequer has made few announcements. The Spring Statement has had few new policy and fiscal announcements; however, this is not too unusual for the Spring Statement. There will be more announcements around departmental spending in June following a spending review. Alice Pugh looks at the key … Continue reading “The Spring Statement 2025”
The Spring Statement: The Impact
Alice Pugh looks at what impacts cuts to National Insurance Contributions, raising the high-income child benefit charge, and public spending will have on households in the UK. Cuts to National insurance Contributions (NICs) The NIC main rate has been cut by 2p in the pound (from 10% to 8%) for an expected 27.6m employees and … Continue reading “The Spring Statement: The Impact”
Spring Statement 2024: Key Announcements
The Spring Budget sets out government spending for the next 5 years, this budget has been anticipated as being a particularly important budget, as it is likely the last budget before the 2024 general election. Alice Pugh looks at the key announcements from this budget. Office for Budget Responsibility On the day of the … Continue reading “Spring Statement 2024: Key Announcements”