{"id":38822,"date":"2025-03-26T16:52:09","date_gmt":"2025-03-26T16:52:09","guid":{"rendered":"https:\/\/taxfix.com\/en-uk\/?p=38822"},"modified":"2025-09-12T08:56:39","modified_gmt":"2025-09-12T07:56:39","slug":"what-happened-in-the-spring-statement-2025","status":"publish","type":"post","link":"https:\/\/taxfix.com\/en-uk\/blog\/what-happened-in-the-spring-statement-2025\/","title":{"rendered":"What happened in the Spring Statement 2025?\u00a0\u00a0"},"content":{"rendered":"\n

The Spring Statement 2025<\/a> didn\u2019t deliver any big plot twists, it was more of a \u201csame script, different year\u201d kind of moment. So if you\u2019re feeling like you\u2019ve seen this before, you\u2019re not wrong. The real focus is on the tax changes coming this April, many of which were outlined in last year\u2019s Autumn\u00a0Budget. Ready to catch up on what\u2019s coming down the tax pipeline? Let\u2019s dive in!<\/p>\n\n\n\n

What is the Spring Statement?<\/h3>\n\n\n\n

The Spring Statement is the UK government\u2019s chance to update us on the state of the economy and share any key financial moves that might affect our finances. While it\u2019s not as jam-packed as the Autumn Budget<\/a>, it still offers important updates on taxes, business policies, and financial plans.<\/p>\n\n\n<\/div> \n\n

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Autumn Budget 2024 recap \u23ea<\/h3>\n

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The Autumn Budget 2024<\/a> brought some key changes that are likely to affect your finances in the coming months. The National Living Wage got a bump, Capital Gains Tax is on the rise (hello, higher tax on investments), and employers are bracing for higher National Insurance contributions. Oh, and if you’ve been eyeing a property, that Stamp Duty Land Tax boost? It\u2019s soon to be gone.<\/p>\n

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As the new tax year <\/a>kicks off, it\u2019s a great time to take stock and start planning ahead. If you haven\u2019t already accounted for these changes, now\u2019s the moment to get familiar with what\u2019s coming up.<\/p>\n\n <\/div>\n<\/div> \n\n

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National Living Wage set to increase \ud83d\udcc8<\/h2>\n\n\n\n

Good news for workers! Starting in April, the National Living Wage<\/a> will increase from \u00a311.44 to \u00a312.21 <\/strong>per hour. If you\u2019re aged 23 or over, this means a little more in your pocket each month, so mark your calendars and get ready for the extra cash.\u00a0<\/p>\n\n\n\n

Whether you’re an employee or an employer, it’s important to stay informed about how this change could impact your income or payroll.<\/p>\n\n\n\n

Capital gains in the hot seat \ud83d\udd25<\/h2>\n\n\n\n

Heads up, investors! Capital Gains Tax<\/a> (CGT) is set to rise this April. If you’re thinking of selling any assets, here\u2019s what\u2019s changing:<\/p>\n\n\n\n