The economic impact of the UK Spring Statement.

In this episode of the Mark and Pete podcast, we delve into Chancellor Rachel Reeves’s Spring Statement 2025, examining its implications on the UK’s economy and society. We discuss the £14 billion fiscal repair package, focusing on the £3.4 billion savings from welfare reforms projected to increase relative poverty for 250,000 people.  We also analyze the £3.6 billion cuts to departmental spending and the anticipated £2.2 billion from enhanced tax compliance measures.  The conversation addresses public reactions, with only 19% approving of Reeves’s performance, and explores the potential impact of international trade tensions, such as President Trump’s 25% tariff on UK car imports.  Join us as we provide a business perspective on the economic strategies.

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