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Spring Statement 2025 LIVE: Millions brace for Rachel Reeves’ cost-slashing Statement – what will it mean for YOU?

Published on March 26, 2025 at 10:16 AM

RACHEL Reeves will unveil her Spring Statement today as the state of the public finances are laid bare.

The Chancellorwill deliver a 20-minute assessment on the UK economy – but she has already signalled it won’t be a “tax and spend” event.

Rachel Reeves on a political television show.
The Chancellor spelled out the Spring Statement won’t be the occasion to raise or lower taxes

However, she is facing trouble ahead on several fronts with government borrowing higher than predicted and growth expected to plummet.

She will be told that her headroom of around £10billion from last year has been wiped out.

Ms Reeves will deliver the Budget after PMQs in the House of Commons at 12.30pm.

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