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27/03/2025
2025 Spring Statement political reaction
Addressing the House of Commons, Chancellor Rachel Reeves used the 2025 Spring Statement to announce an increase in defence spending and a move from a deficit of £36.1 billion in 2025/26 to a surplus of £9.9 billion by 2029/30.
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2025 Spring Statement economic picture
Within her Spring Statement speech, Chancellor Rachel Reeves revealed that the Office for Budget Responsibility (OBR) has halved UK economic growth from 2% in October 2024 to 1% in 2025.
Act now to boost your state pension
People should check their National Insurance contributions (NICs) record to see if they can boost their state pension entitlement before 5 April 2025, warns the Low Incomes Tax Reform Group (LITRG).
OECD cuts UK growth forecasts
UK growth will be weaker than previously expected this year and next, according to the Organisation for Economic Co-operation and Development (OECD).
19/03/2025
Side hustle trading threshold raised
The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.
Government to tackle worn infrastructure
The British Chambers of Commerce (BCC) has called for the government to ‘tackle the problems of the UK’s worn out infrastructure’ in order to boost economic growth
12/03/2025
25,000 set to miss Stamp Duty deadline
25,000 first-time buyers are predicted to miss the 31 March Stamp Duty deadline, according to property website Rightmove.
Employment Rights Bill
The government’s proposed amendments to the Employment Rights Bill will ‘do little to alleviate employer concerns’, the Institute of Directors (IoD) has warned.
05/03/2025
£31 billion of unpaid overtime in 2024
UK workers put in £31 billion of unpaid overtime in 2024, according to research carried out by the Trades Union Congress (TUC).
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