Spring Budget 2025 Bbc. Here is a summary of the main announcements. Chancellor rachel reeves has delivered labour’s first budget since 2010, after the party’s return to power in july’s general election.

Inflation has fallen from 11% to 4% vat registration threshold increased from £85k to £90k. The chancellor’s spring statement, scheduled for 26 march 2025, is expected to focus on navigating the challenges of public finances, economic growth, and household.