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Spring Statement: investing in skills is key to economic growth

Mar 26, 2025 · 1 min read

We welcome the Chancellor’s focus in today’s Spring Statement on reducing uncertainty, which should help support businesses with investments for long-term growth. However, to drive productivity, wealth creation, and ultimately economic growth, we must invest in skills training and development. Sadly, this is the second fiscal event where the Chancellor overlooked this crucial aspect. We hope that, come the Autumn Budget, enhancing skills will be prioritised to better support businesses and drive sustainable economic growth.

Andrew Harding, FCMA, CGMA
Chief Executive - Management Accounting, AICPA & CIMA

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