Economic & Market Report, Market Report

March 2025 Economic and Market Report

In contrast to Chancellor Reeve’s Autumn Budget, March’s Spring Statement was received with cautious optimism by markets. Tax changes were limited, and restraint was shown around spending (except in defence – a major growth area). This allayed some concerns around inflation, which has now eased to 2.8% year-on-year (February data), down from 3% in January. The Bank of England’s