Spring Statement 2025 - techUK Roundup and Response

Read this full article by creating a free techUK account, or logging in. 


After a larger than expected Budget in October 2024, which included £40 billion in tax rises, many across industry were waiting to see the particulars of the “hard choices” that the Chancellor Rachel Reeves and the Prime Minister Sir Keir Starmer have referenced in recent weeks.  

The first of these choices have now been made, with the Chancellor today delivering the Spring Statement. 

Alongside the statement made to parliament, the Office for Budget Responsibility (OBR) also published their economic and fiscal outlook. The publication detailed higher than expected interest payments on the national debt and weaker-than-expected receipts – taking the Chancellor from a predicted surplus of £9.9 billion to a deficit of £4.1 billion in 2029-30. Against such a backdrop, it became clear in recent weeks that the Government would be forced into greater action ahead of this fiscal update than it had initially expected. 

In addition to widely trailed cuts to welfare payments and the scrapping of NHS England, the Chancellor announced further targets to reduce civil service headcount and large cuts to foreign aid, reducing the budget to just 0.3% of GDP and transferring the majority of the savings into the defence budget to meet her fiscal rules.  

 

Read the rest of this article by creating a free techUK account, or logging in. 

Login or register to access this content

This content is available to everyone. Log in or sign up for free to continue reading

Login or register here

 


For more information, contact:

Edward Emerson

Edward Emerson

Head of Digital Economy, techUK

Alice Campbell

Alice Campbell

Head of Public Affairs, techUK

Archie Breare

Archie Breare

Policy Manager - Skills & Digital Economy, techUK

Daniella Bennett Remington

Daniella Bennett Remington

Policy Manager - Digital Regulation, techUK

Oliver Alderson

Oliver Alderson

Junior Policy Manager, techUK

Tess Newton

Team Assistant, Policy and Public Affairs, techUK


techUK's Policy and Public Affairs Programme activities

techUK helps our members understand, engage and influence the development of digital and tech policy in the UK and beyond. We support our members to understand some of the most complex and thorny policy questions that confront our sector. Visit the programme page here.

 

 

Upcoming events

Latest news and insights 

President's Awards 2025 - Nominations Open!

Do you have a trailblazer in your team? Do you work with an innovator or a problem solver? Do you have an inspirational colleague who deserves the spotlight for their work? The President’s Awards are back for 2025 and open for nominations. All techUK members are encouraged to nominate one colleague.

Learn more and nominate

Learn more and get involved

 

Policy Pulse Newsletter

Sign-up to get the latest tech policy news and how you can get involved in techUK's policy work.

 

 

Here are the five reasons to join the Policy and Public Affairs programme

Download

Join techUK groups

techUK members can get involved in our work by joining our groups, and stay up to date with the latest meetings and opportunities in the programme.

Learn more

Become a techUK member

Our members develop strong networks, build meaningful partnerships and grow their businesses as we all work together to create a thriving environment where industry, government and stakeholders come together to realise the positive outcomes tech can deliver.

Learn more

Meet the team 

Antony Walker

Antony Walker

Deputy CEO, techUK

Alice Campbell

Alice Campbell

Head of Public Affairs, techUK

Edward Emerson

Edward Emerson

Head of Digital Economy, techUK

Samiah Anderson

Samiah Anderson

Head of Digital Regulation, techUK

Audre Verseckaite

Audre Verseckaite

Senior Policy Manager, Data & AI, techUK

Mia Haffety

Mia Haffety

Policy Manager - Digital Economy, techUK

Archie Breare

Archie Breare

Policy Manager - Skills & Digital Economy, techUK

Daniella Bennett Remington

Daniella Bennett Remington

Policy Manager - Digital Regulation, techUK

Oliver Alderson

Oliver Alderson

Junior Policy Manager, techUK

Tess Newton

Team Assistant, Policy and Public Affairs, techUK