Spring Statement Simplified – What You Need to Know

The 2025 Spring Statement has landed – but what does it actually mean for your finances?

In the latest episode of Citrus Bites, filmed on the day of the announcement, Citrus Financial’s Richard Harris gives a clear, jargon-free overview of the key points – including the inflation update, government borrowing, and why interest rates remain a hot topic.

Here’s a quick flavour of what you’ll learn:

  • Why inflation is (finally) moving in the right direction
  • The impact of higher-for-longer interest rates
  • What Rachel Reeves’ defence spending plans mean for the public purse
  • Why the government’s debt level could affect your mortgage or savings

Watch the video now

Richard simplifies the Spring Statement by comparing it to running a household budget – helping viewers understand the bigger picture, as well as the day-to-day impacts.

Watch the full video for a quick and insightful way to feel better informed about the UK economy and how it might affect your plans.

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