Implications of the Spring Statement 2025 for Debt and Insolvency
The Spring Statement 2025, delivered by Chancellor Rachel Reeves, introduces several fiscal measures that could significantly affect individuals and businesses dealing with debt and insolvency. Understanding these changes is vital for those seeking to manage their financial obligations effectively. Economic Growth and Public Finances The Office for Budget Responsibility (OBR) has halved the UK\’s economic […]
The Spring Statement Reviewed
The spring statement does not make for hugely cheerful reading. On the plus side, however, there are some positive nuggets for people who are struggling financially. Here are the key points. A concession on National Insurance Any hopes of a Philip-Hammond-style, last-minute U-turn on an increase to NI contributions were quickly dashed. Rishi Sunak is […]
What the spring statement means for debt
This spring statement should, in theory, be the last major update from the chancellor before Brexit. As such, any forecasts should arguably be seen in the light of the caveat that the UK is about to enter territory which is, at best, lightly charted (no other country has yet to exit the EU, but the […]