News

Clarity on tax implications

Office for Budget Responsibility confirms saving

Growth expected to rise from 2026

‘This statement does not contain any further tax increases’

Will raise £14.3bn after pensions come under the IHT umbrella

Pensions were notably lacking from today's Spring Statement

Aims to raise extra £1bn per year through crackdown

Any reforms 'must be handled with care'

Comes after the lifeboat fund opened claims in December 2024

Expect welfare cuts, defence spending, but little movement on tax