Spring Statement 25: Labour doubles down on tax evasion

Aims to raise extra £1bn per year

Jen Frost
clock • 2 min read

Chancellor Rachel Reeves today (26 March) pledged to further invest in cracking down on tax evasion to raise an extra £1bn in gross tax revenue per year by 2029/30.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Business has 'lost a lot of faith' in Reeves as likelihood of Budget tax hikes increases
UK

Business has 'lost a lot of faith' in Reeves as likelihood of Budget tax hikes increases

Pippa Crerar at Funds to Watch

Linus Uhlig
clock 06 November 2025 • 1 min read
BoE leaves door open for December rate cut after 'dovish hold'
UK

BoE leaves door open for December rate cut after 'dovish hold'

Decision ‘second fiddle’ to the Budget

Michael Nelson
clock 06 November 2025 • 2 min read
Bank of England holds rates at 4% as Autumn Budget looms large
UK

Bank of England holds rates at 4% as Autumn Budget looms large

Following mixed economic data

Michael Nelson
clock 06 November 2025 • 1 min read
Trustpilot