Unsung Britain bears the brunt

Putting the 2025 Spring Statement in context

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This briefing note analyses the choices the Government has made in the context of an awkward backdrop to the 2025 Spring Statement.

Public pivot

How a growing state will shape the living standards outlook for 2025

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2025 will be a year with a bigger role for the state. Jeremy Hunt cut taxes in his last two Budgets and planned to pay for them with real-terms cuts to public spending in many areas. Rachel Reeves’s October Budget reversed these plans, pivoting to increasing spending on public services as a share of the … Continued

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