From www.accountingweb.co.uk: (UK context) Chancellor Rachel Reeves did not announce any major tax changes during the Spring Statement, while the UK’s growth forecast was downgraded from 2% to 1%.

Despite this, she restored the government’s fiscal headroom to £9.9 billion through welfare reforms and spending cuts, and the Office for Budget Responsibility projected an improved growth outlook for subsequent years.

Additionally, HMRC released consultations on various tax policies, including the expansion of Making Tax Digital for certain taxpayers by April 2028.