Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Investment Week summarises the top five points from Chancellor Rachel Reeves’ Spring Statement, which took place earlier today (26 March).

OBR halves UK growth to 1% The Office for Budget Responsibility (OBR) downgraded the UK's growth forecast from the 2% predicted at last year's Autumn Budget to just 1% for 2025. The chancellor said in her House of Commons address that this was due to the "increased global uncertainty". Spring Statement 25: OBR halves UK growth forecast to 1% for 2025 However, Reeves said her changes to public spending have caused the OBR to upgrade the UK's growth expectations for 2026, 2027, 2028 and 2029 to 1.9%, 1.8%, 1.7% and 1.8%, respectively.  Jamie Jenkins, director of policy at Ro...