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The Guardian - UK
The Guardian - UK
National
Hilary Osborne

Spring statement 2025: what does it mean for your finances?

OBR Rachel Reeves
£10 and £20 pound notes and a blue pay slip
Whether you feel better after the spring statement will to a large extent depend on whether you are affected by planned changes to benefits. Photograph: Nick Ansell/PA

The chancellor, Rachel Reeves, has delivered her spring statement, and the Office for Budget Responsibility (OBR) has published its latest report on what the plans will mean for the wider economy and individuals. Here’s what it means for you.

Will you be better off?

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