2025–26—Budgets, Fiscal Statements and Finance Bills

This Overview draws together content on the fiscal events throughout the tax year 2025–26, starting with the Spring Statement 2025 on 26 March 2025.

For more information on the Budget and Finance Bill processes, as well as the fiscal timetable more generally, see Practice Note: The Budget and Finance Bill process.

Spring Statement 2025

On 26 March 2025, the Chancellor of the Exchequer, Rachel Reeves, presented the Spring Statement 2025 to Parliament. The government announced consultations and policy papers on substantive and administrative tax measures and other future developments.

For more information on the announcements, see News Analyses:

  1. Video analysis—Spring Statement 2025: Private Client perspective

  2. Spring Statement 2025—Tax analysis

Tax update spring 2025: simplification, administration and reform

On 28 April 2025, the Exchequer Secretary to the Treasury, James Murray, issued a written ministerial statement announcing a package of measures aimed at simplifying

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