Comment from PKF Littlejohn Advisory on the upcoming Spring Statement

26 March 2025

Spring Statement 2025

Stephen Goderski, Partner at restructuring and insolvency firm PKF Littlejohn Advisory, believes that in the upcoming Spring Statement 2025, Chancellor Rachel Reeves should focus on stabilising public finances and stimulating economic growth, amid ongoing global uncertainties:

“As the UK continues to navigate a complex financial landscape, the importance of a well-balanced approach to fiscal policy cannot be overstated. While addressing the immediate fiscal challenges, it’s vital that the government also lays the groundwork for long-term, sustainable growth. The plan to recalibrate economic policy in the face of rising borrowing costs and weakened growth projections will be critical in maintaining investor confidence and fostering economic stability.

“Equally, it is essential that any new measures announced in the Statement consider their impact on employment. Businesses are already facing rising operational costs and an increasingly difficult operating environment, so protecting jobs must remain a central priority. Ensuring that businesses, especially those in vulnerable sectors, are given the support needed to retain their workforce is crucial. Economic recovery must go hand-in-hand with job preservation and investment in the future of the UK labour market.

“The need for businesses to adapt and become more resilient in a volatile market has never been clearer. The Statement should set the tone for the fiscal policy ahead, not just the short term, but also the longer term. Businesses large and small across the country will be watching intently to see how the Chancellor’s next moves will impact their sector and their future prosperity.”