Budget 2025: Growth talk, but the maths doesn’t back it up
ArticleUK Budget promises growth, but OBR forecasts weak productivity and limited impact. Tax drag and income squeeze remain key challenges.
Against the backdrop of slow growth and productivity, Chancellor Rachel Reeve talked up investment and stability in the public finances, but delivered a budget headlined by tax increases.
After the hiccup of the Office for Budget Responsibility’s forecasts leaking early, Reeves faced a balancing act between economic credibility and shifting the political narrative back to optimism.
Over the coming days, attention will turn to whether she succeeded. For businesses, the essential question remains: what does this mean for investment decisions, hiring plans and future strategy?
Our Budget Hub brings together expert analysis, commentary and resources to deliver timely, actionable insights to help you understand the impact on your business and the wider economy.
UK Budget promises growth, but OBR forecasts weak productivity and limited impact. Tax drag and income squeeze remain key challenges.
Explore Budget 2025: cautious fiscal policy, tax threshold freezes, EV charges, business relief updates, and Northern Ireland funding.
Is Rachel Reeves the ‘unlucky general’? A sharp look at the UK Budget, market pressures, and the Chancellor’s economic challenge.
Business owners are rethinking succession, tax planning, and relocation as UK tax reforms reshape strategy ahead of the 26 November Budget.
The Spring Statement from Chancellor Rachel Reeves was squarely aimed at retaining economic credibility in the face of worsening global economic conditions.
As expected, today’s Spring Statement did not introduce any significant tax changes. The Chancellor’s main announcement in her speech related to continued investment in tackling tax avoidance.