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Spring Statement 2025 LIVE

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11 Downing Street. The Chancellor Rachel Reeves will issue her Spring Statement today

Chancellor Rachel Reeves has presented her Spring Statement in the House of Commons this afternoon.  

The headline of the release was the change in the projections by the Office for Budget Responsibility (OBR), which has slashed its growth forecast in half to one per cent as Chancellor Rachel Reeves said she was “not happy” about the revised figures. 

Spring Statement 2025: What is it – and when will Rachel Reeves speak?

The Chancellor has also confirmed there will be further reductions to the cost of benefits, and to government spending, after the Office for Budget Responsibility (OBR) found last week’s initial round of welfare savings would not save the £5bn ministers had posited.

Morning Wire’s LIVE coverage of the Spring Statement 2025