The Chancellor of the Exchequer, Rachel Reeves, delivered her long-trailed economic update to Parliament on 26 March 2025. Partner, Clare Goodswen shares her commentary.
Read more here:https://t.co/5dvXyyAM6G
Chancellor Rachel Reeves has announced a £2bn increase to @UKEF's lending capacity, boosting growth and securing jobs for the defence sector, while unlocking opportunities for UK exporters to expand sales and increase their competitiveness.
#SpringStatement
The Labour Government launched plans to train up to 60,000 more construction workers by 2029, tackling skills shortages and paving the way to deliver 1.5 million homes by the end of this Parliament.
#SpringStatement
Chancellor Rachel Reeves announced the government are bringing forward £3.25bn of investment to deliver the reforms that our public services need through a new Transformation Fund.
You have until December 11th to enjoy the Christmas Tree Festival at @StPeterMancroft. Thanks to @TownCloseSchool for their fantastic decorating and to @MAPartnersUK for sponsorship.
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A low-key, yet significant, announcement within the Budget was the decision not to proceed with the reform of the High Income Child Benefit Charge (HICBC).
Read more here: https://t.co/bZLApPmcQT
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The Chancellor caps Agricultural Property Relief (APR) and Business Property Relief (BPR) at £1m, above that will only get a 50% relief from April 2026.
#budget2024
Reeves says she will abolish the non-dom tax regime and remove the "outdated concept" of domicile from the tax system from April 2025.
The Office for Budget Responsibility says this package of measures will raise £12.7bn over the next five years, she says.
#autumnbudget
Lower tax rates introduced for retail, hospitality & leisure properties and 40% relief on their bills, up to a cash cap of £110,000 per business from 2026-27.
#autumnbudget