Скачать или смотреть Spring Statement 2025

26/03/25

The Spring Statement contained some welcome news on the government's central mission: economic growth.
The independent Office for Budget Responsibility have upgraded their growth predictions next year and every year after📈
This is no mean feat. The Resolution Foundation reported last year that GDP per capita grew only 4.3% in 16 years from 2008 to 2024, compared to 46% in the years prior.
Even more significantly for the left behind communities in our area, inequality and poverty increased in the past 16 years too.
The goal is not just growth, but growth that is distributed fairly; growth that ordinary people can feel in their pockets.
I challenged the Chancellor to ensure the proceeds of growth are shared fairly.
I was pleased to hear in her response that the Spring Statement contained some welcome news: the OBR predicts an average real-terms income increase of £500 per person.