Five key takeaways from the Spring Statement
Downgraded economic forecasts, increased defence spending and cuts to welfare were a few of the developments announced by chancellor Rachel Reeves
UK economy
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Spring Statement 2025: UK economic growth forecasts halve to 1%
OBR cuts GDP expectations amid elevated global uncertainty
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Bank of England holds interest rates amid market uncertainty
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
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‘Cause for concern’ as UK inflation rises unexpectedly to 3%
The BoE will be trying to avoid stagflation as economic growth becomes a top priority for future rate cuts
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Can Labour’s growth plans revive VCT funding?
Economic upheaval has tested VCTs’ resilience, but the Chancellor’s growth plans could make them central to revitalising the UK economy
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Inflation rises to 2.6% as fuel prices mount
The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
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UK economy contracts 0.1% in October
Falling below expectations of a modest 0.1% increase, according to the ONS
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UK economy grows 0.1% in Q3
Below expectations of a 0.2% increase
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Rachel Reeves: ‘We’re not coming back with more tax increases or borrowing’
The Autumn Budget was a ‘once in a Parliament reset’ to get public finances in order
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Autumn Budget 2024: Minimum wage increases 6.7% to £12.21 an hour
Pro-worker policies announced by the Rachel Reeves today could be ‘a burden on business’, industry warns
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UK economy grows 0.6% in Q2
Continuing momentum from the 0.7% growth in Q1
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FundCalibre: The future of key UK sectors under Labour
With Starmer now in Downing Street, Darius McDermott examines the potential winners and losers