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Minimum wage rose on 1 April
No further tax increases in Spring Statement
Finance Act 2025 receives Royal Assent
Side hustle trading threshold raised to £3,000 per year
Financial benefit of MTD could be as high as £915 million
Chancellor unveils plan to cut red tape
Employment reforms continue to stifle business hiring intentions

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Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

No further tax increases in Spring Statement

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.