Spring Budget 2025 Summary Report. Since the first quarter of 2022 uk gdp has been broadly flat, with slight growth in late 2022 and early 2023. It was the last scheduled budget before the next general election, which is expected to take place later this year.

It was the last scheduled budget before the next general election, which is expected to take place later this year. Ifs director paul johnson gives an initial response to jeremy hunt’s spring budget.