ACCA Cymru/Wales comments on the Spring Statement 2025

Lloyd Powell, head of ACCA Cymru/Wales, said:

“ACCA’s data from SME financial professionals highlighted plummeting business confidence in recent months, largely driven by increasing costs. Today’s statement didn’t contain any additional measures that will impact upon business, but this year’s lower growth forecast, cost increases and the knock-on impact on inflation will do little to boost confidence and investment.”