26 Mar 2025 · HM Treasury, Spring Statement 2025 (CP 1298), Table 3.1
Spring Statement 2025: every measure, and what it raises or costs
Every Budget comes with a table of its policy decisions: each new measure, with what it does to the public finances in every year from 2024-25 to 2029-30. Here are all 33 lines as the Treasury printed them, each linked to its page. We lead with 2029-30, the last year the Treasury costs, when most measures have settled; every year is in the full table.
A measure that raises money brings in tax or saves spending. One that costs money cuts tax or spends more; unless something else pays for it, the government borrows it. These are the Treasury's own estimates, published as single figures without a range.
Summary
- All the measures, 2029-30
- £6.3bn
- raised that year, net
- Raise money
- £16.1bn
- 16 measures
- Cost money
- £9.9bn
- 10 measures
- No effect in 2029-30
- 5
- measures with nothing that year
It adds up
The Treasury's total for 2029-30 is +£6,260m. Its 31 lines (leaving out 2 “of which” lines, which are part of the line above) add up to +£6,245m: +£15m apart, which is rounding. The Treasury rounds each line to the nearest £5m and adds up before rounding, so the printed lines can drift from the printed total by a few million. Together the measures raise a net £6.3bn in 2029-30.
Read from Spring Statement 2025 (CP 1298), Table 3.1 (pages 36 to 39 of the PDF), and checked line by line against the table as GOV.UK publishes it in HTML: every figure matches.
The biggest in 2029-30
The measures that raise the most and cost the most that year. Each links to its line below.
Raise the most
Cost the most
- Capital Investment£4.6bn
- Universal Credit Standard Allowance£1.9bn
- Work Capability Assessment£1.6bn
- Employment Support£1.0bn
- DWP Spending£385m
Every measure, under the Treasury's headings
In the table's own order and words, with what each line does in 2029-30. The page number opens the Budget document at that line.
Investing in growth
| Line | Measure | 2029-30 | Page |
|---|---|---|---|
| 1 | Capital Investment: Increase growth-enhancing investment including on infrastructure, housing, and defence innovation | costs £4.6bn−£4,615m | 36 |
| 2 | o/w: Net capital spending change excluding defence & security and ODA changesPart of the line above, not added again | costs £1.9bn−£1,855m | 36 |
| 3 | Construction Skills: Supply the skilled workers to build 1.5 million homes and deliver infrastructure | no effect£0m | 36 |
Transforming public services and supporting people into work
| Line | Measure | 2029-30 | Page |
|---|---|---|---|
| 4 | Current spending: Reshape the state to be more productive and agile | raises £6.1bn+£6,100m | 36 |
| 5 | o/w: Net resource spending change excluding defence & security and ODA changesPart of the line above, not added again | raises £3.5bn+£3,470m | 36 |
| 6 | Transformation Fund: Improve efficiency and productivity of public services | no effect£0m | 36 |
| 7 | Employment Support: Invest in employment, health, and skills support from 2026-27 | costs £1.0bn−£1,000m | 37 |
| 8 | DWP Spending: Invest to deliver welfare reform | costs £385m−£385m | 37 |
| 9 | HMRC Spending: Invest to close the tax gap | costs £120m−£120m | 37 |
Reforming welfare to get Britain working
| Line | Measure | 2029-30 | Page |
|---|---|---|---|
| 10 | Personal Independence Payment (PIP): Change the PIP assessment so claimants must score four points in any one activity from 2026-27 | raises £4.5bn+£4,515m | 37 |
| 11 | Personal Independence Payment (PIP): Increase capacity for processing award reviews from April 2026 | raises £200m+£200m | 37 |
| 12 | Work Capability Assessment: Do not proceed with Autumn Statement 2023 descriptor reforms | costs £1.6bn−£1,645m | 37 |
| 13 | Work Capability Assessment: Restart reassessments from April 2026 | raises £355m+£355m | 37 |
| 14 | Universal Credit Health Element: Maintain at 2025-26 rate until 2029-30, reduce rate by 50% for new claimants from April 2026 and maintain until 2029-30 | raises £3.0bn+£3,005m | 37 |
| 15 | Universal Credit Standard Allowance: Increase above inflation for all claimants from April 2026, reaching CPI +5% from April 2029, with the standard allowance expected to be worth £106 per week in 2029-30 | costs £1.9bn−£1,885m | 37 |
| 16 | Welfare Fraud and Error: Increase preventative checks in Universal Credit from 2025-26 | raises £200m+£200m | 37 |
| 17 | Welfare Fraud and Error: Recruit over 500 new counter fraud and error staff from April 2025 | raises £40m+£40m | 37 |
Closing the tax gap
| Line | Measure | 2029-30 | Page |
|---|---|---|---|
| 18 | Tax Debt Collection: Invest in additional HMRC debt management capacity to increase collection of overdue tax debt | raises £570m+£570m | 37 |
| 19 | Tax Debt Collection: Invest in 600 additional HMRC debt management staff to increase collection of overdue tax debt | raises £145m+£145m | 37 |
| 20 | Tax Collection: Invest in 500 additional HMRC compliance staff to increase collection of tax due | raises £95m+£95m | 37 |
| 21 | Late Payment Penalties: Increase late payment penalties for VAT taxpayers and income tax Self Assessment taxpayers as they join Making Tax Digital from April 2025 | raises £125m+£125m | 37 |
| 22 | Making Tax Digital for income tax Self Assessment: Expand rollout to those with incomes over £20,000 from 6 April 2028, and further detailed changes | raises £120m+£120m | 38 |
Other pre-announced and technical measures
| Line | Measure | 2029-30 | Page |
|---|---|---|---|
| 23 | Building Safety Levy: Implement a levy on new residential development in England (with certain exemptions) with revenue to be spent on building safety from 1 October 2026 | raises £345m+£345m | 38 |
| 24 | Gambling: New statutory levy on operators from April 2025 | raises £115m+£115m | 38 |
| 25 | Gambling: Use new levy revenue to fund research, prevention, and treatment of gambling-related harm | costs £125m−£125m | 38 |
| 26 | UK Export Finance: Fees/income from increasing lending capacity and providing guarantees for defence exports (only fees & interest impact shown as loans & guarantees do not affect public sector net borrowing) | raises £115m+£115m | 38 |
| 27 | Support for Local Government: Net impact of pre-announced support for local government via capitalisation directions, and council tax/fire & police precept flexibilities | raises £55m+£55m | 38 |
| 28 | Parental leave: Increase the small employer compensation rate to 8.5% from April 2025 following National Insurance changes at Autumn Budget 2024 | costs £35m−£35m | 38 |
| 29 | Reducing Trade Barriers: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) tariff liberalisation | costs £35m−£35m | 38 |
| 30 | Reducing Trade Barriers: Approve UK business applications for removal of tariff duty on 89 products for 2 years from Spring 2025 | no effect£0m | 38 |
| 31 | High Income Child Benefit Charge (HICBC): Allow employed individuals to pay their HICBC liability through PAYE without the need to register for Self Assessment from Summer 2025 | costs £10m−£10m | 38 |
| 32 | Supplementary Estimates: RDEL Supplementary Estimates Plans for 2024-25 | no effect£0m | 38 |
| 33 | Supplementary Estimates: CDEL Supplementary Estimates Plans for 2024-25 | no effect£0m | 38 |
The Treasury's totals
| Total impact of policy decisionsAll the measures | +£6,260m | 38 | |
|---|---|---|---|
| Memo: Total impact of policy decisions on current budget balanceMemo | +£10,870m | 38 | |
| Total spending impact of policy decisionsSpending | +£4,030m | 38 | |
| Total tax & fees impact of policy decisionsTax | +£2,230m | 39 |
Every year, every line
The whole table in £ million as printed, with the sum of the lines and the rounding gap for each year. “*” is the Treasury's mark for a negligible figure.
Show the full tableHide the full table
| Line | Measure | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 | Page |
|---|---|---|---|---|---|---|---|---|
| 1 | Capital Investment: Increase growth-enhancing investment including on infrastructure, housing, and defence innovation | £0m | £0m | −£770m | −£3,540m | −£4,065m | −£4,615m | 36 |
| 2 | o/w: Net capital spending change excluding defence & security and ODA changes | £0m | £0m | £0m | −£1,320m | −£1,475m | −£1,855m | 36 |
| 3 | Construction Skills: Supply the skilled workers to build 1.5 million homes and deliver infrastructure | £0m | −£95m | −£200m | −£225m | −£225m | £0m | 36 |
| 4 | Current spending: Reshape the state to be more productive and agile | £0m | £0m | +£1,365m | +£1,785m | +£2,985m | +£6,100m | 36 |
| 5 | o/w: Net resource spending change excluding defence & security and ODA changes | £0m | £0m | −£1,030m | −£495m | +£525m | +£3,470m | 36 |
| 6 | Transformation Fund: Improve efficiency and productivity of public services | £0m | −£250m | −£2,000m | −£1,000m | £0m | £0m | 36 |
| 7 | Employment Support: Invest in employment, health, and skills support from 2026-27 | £0m | £0m | −£200m | −£300m | −£400m | −£1,000m | 37 |
| 8 | DWP Spending: Invest to deliver welfare reform | £0m | −£80m | −£250m | −£315m | −£420m | −£385m | 37 |
| 9 | HMRC Spending: Invest to close the tax gap | £0m | −£20m | −£35m | −£55m | −£75m | −£120m | 37 |
| 10 | Personal Independence Payment (PIP): Change the PIP assessment so claimants must score four points in any one activity from 2026-27 | £0m | £0m | +£210m | +£1,755m | +£3,365m | +£4,515m | 37 |
| 11 | Personal Independence Payment (PIP): Increase capacity for processing award reviews from April 2026 | £0m | £0m | +£10m | +£90m | +£155m | +£200m | 37 |
| 12 | Work Capability Assessment: Do not proceed with Autumn Statement 2023 descriptor reforms | £0m | £0m | −£200m | −£730m | −£1,205m | −£1,645m | 37 |
| 13 | Work Capability Assessment: Restart reassessments from April 2026 | £0m | £0m | +£20m | +£100m | +£230m | +£355m | 37 |
| 14 | Universal Credit Health Element: Maintain at 2025-26 rate until 2029-30, reduce rate by 50% for new claimants from April 2026 and maintain until 2029-30 | £0m | £0m | +£750m | +£1,535m | +£2,295m | +£3,005m | 37 |
| 15 | Universal Credit Standard Allowance: Increase above inflation for all claimants from April 2026, reaching CPI +5% from April 2029, with the standard allowance expected to be worth £106 per week in 2029-30 | £0m | £0m | −£815m | −£1,145m | −£1,490m | −£1,885m | 37 |
| 16 | Welfare Fraud and Error: Increase preventative checks in Universal Credit from 2025-26 | £0m | +£15m | +£120m | +£210m | +£215m | +£200m | 37 |
| 17 | Welfare Fraud and Error: Recruit over 500 new counter fraud and error staff from April 2025 | £0m | +£95m | +£45m | +£30m | +£35m | +£40m | 37 |
| 18 | Tax Debt Collection: Invest in additional HMRC debt management capacity to increase collection of overdue tax debt | +£45m | +£155m | +£160m | +£175m | +£250m | +£570m | 37 |
| 19 | Tax Debt Collection: Invest in 600 additional HMRC debt management staff to increase collection of overdue tax debt | +£25m | +£120m | +£425m | +£410m | +£365m | +£145m | 37 |
| 20 | Tax Collection: Invest in 500 additional HMRC compliance staff to increase collection of tax due | £0m | £0m | +£15m | +£50m | +£80m | +£95m | 37 |
| 21 | Late Payment Penalties: Increase late payment penalties for VAT taxpayers and income tax Self Assessment taxpayers as they join Making Tax Digital from April 2025 | £0m | +£5m | +£50m | +£85m | +£105m | +£125m | 37 |
| 22 | Making Tax Digital for income tax Self Assessment: Expand rollout to those with incomes over £20,000 from 6 April 2028, and further detailed changes | £0m | £0m | £0m | −£10m | +£20m | +£120m | 38 |
| 23 | Building Safety Levy: Implement a levy on new residential development in England (with certain exemptions) with revenue to be spent on building safety from 1 October 2026 | £0m | £0m | £0m | +£55m | +£245m | +£345m | 38 |
| 24 | Gambling: New statutory levy on operators from April 2025 | −£10m | +£105m | +£105m | +£110m | +£110m | +£115m | 38 |
| 25 | Gambling: Use new levy revenue to fund research, prevention, and treatment of gambling-related harm | £0m | −£115m | −£115m | −£120m | −£125m | −£125m | 38 |
| 26 | UK Export Finance: Fees/income from increasing lending capacity and providing guarantees for defence exports (only fees & interest impact shown as loans & guarantees do not affect public sector net borrowing) | £0m | +£15m | +£100m | +£130m | +£95m | +£115m | 38 |
| 27 | Support for Local Government: Net impact of pre-announced support for local government via capitalisation directions, and council tax/fire & police precept flexibilities | −£1,215m | −£915m | +£420m | +£420m | +£170m | +£55m | 38 |
| 28 | Parental leave: Increase the small employer compensation rate to 8.5% from April 2025 following National Insurance changes at Autumn Budget 2024 | £0m | −£30m | −£35m | −£35m | −£35m | −£35m | 38 |
| 29 | Reducing Trade Barriers: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) tariff liberalisation | −£5m | −£30m | −£30m | −£30m | −£35m | −£35m | 38 |
| 30 | Reducing Trade Barriers: Approve UK business applications for removal of tariff duty on 89 products for 2 years from Spring 2025 | £0m | −£25m | −£25m | −£10m | £0m | £0m | 38 |
| 31 | High Income Child Benefit Charge (HICBC): Allow employed individuals to pay their HICBC liability through PAYE without the need to register for Self Assessment from Summer 2025 | £0m | £0m | −£5m | −£5m | −£5m | −£10m | 38 |
| 32 | Supplementary Estimates: RDEL Supplementary Estimates Plans for 2024-25 | +£740m | £0m | £0m | £0m | £0m | £0m | 38 |
| 33 | Supplementary Estimates: CDEL Supplementary Estimates Plans for 2024-25 | −£390m | £0m | £0m | £0m | £0m | £0m | 38 |
| Total impact of policy decisions | −£810m | −£1,050m | −£890m | −£585m | +£2,645m | +£6,260m | 38 | |
| Memo: Total impact of policy decisions on current budget balance | −£425m | −£1,000m | −£70m | +£3,005m | +£6,755m | +£10,870m | 38 | |
| Total spending impact of policy decisions | −£865m | −£2,035m | −£2,300m | −£2,180m | +£760m | +£4,030m | 38 | |
| Total tax & fees impact of policy decisions | +£50m | +£985m | +£1,410m | +£1,595m | +£1,885m | +£2,230m | 39 | |
| The 31 lines added up (this site) | −£810m | −£1,050m | −£885m | −£580m | +£2,640m | +£6,245m | ||
| Treasury total minus the lines: rounding | £0m | £0m | −£5m | −£5m | +£5m | +£15m |
How this page is made
A program reads the table from the Budget document as printed (the PDF on GOV.UK): every word with its place on the page, so each figure lands in its year's column and each line keeps its number, its words, its heading and its page. Nothing is typed in by hand except the Treasury's total, which a person copies from the PDF so the program's reading can be checked against it.
Before anything is published it must pass every check: the lines run 1 to 33 with none missing, every line has a figure for every year, the total matches the one copied by hand, the lines add up to it within rounding in every year, and every figure and total matches the table as GOV.UK publishes it in HTML. All 10 checks passed.
Signs are the Treasury's: the effect on the Exchequer, so money raised is positive and money spent or given up is negative. A measure's figure is the change it makes in that year compared with no change in policy; it is not the cost of a whole programme.
The Treasury's notes to the table
- 1 Costings reflect the OBR’s latest economic and fiscal determinants. Figures given as fiscal impacts, postive numbers showing savings and negative numbers costs.
- 2 Includes a pre-announced fiscally neutral change to Home Office spending funded by changes to a number of fees, including for visas and passports from April 2025, which has a £0m borrowing impact in each year.
- 3 Totals may not sum due to rounding.
- 4 The totals for tax/fees and spending reflect both the tax/fee and spend impacts of each measure.
Source: HM Treasury, Spring Statement 2025 (CP 1298), published 26 Mar 2025, OGL v3.
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