Spring Statement: Time to embrace boring
After years of fiscal drama, could 'boring' be just what the UK needs?
Jamie Jenkins, Royal London's Director of Policy, comments:
"The Spring Statement this year comes with the promise of being 'boring.' Given the recent history of fiscal events, one can easily get excited at the prospect of boredom.
"While we don't expect any big tax announcements, there will of course be keen interest in the Office for Budget Responsibility’s outlook for the economy and Government finances. Any signs of optimism could perhaps translate to households and businesses facing a less worrisome Budget later in the year.
"For pension savers, an uneventful Autumn Budget would be a welcome change, and certainly they could do without another year of frenzied speculation about what could be announced.
"We already have a roadmap of tax changes ahead, with the inclusion of pensions for inheritance tax in 2027, an increase in the minimum pension age from 2028 and a reduction in salary sacrifice NI savings from 2029. And all that alongside seismic changes in the way the market operates through the provisions in the Pension Schemes Bill.
"A 'boring' sequence of fiscal events this year will likely be welcomed by those concerned with saving for retirement."
For further information please contact:
Neil Cameron, PR Manager
- Email: neil.cameron@royallondon.com
- Mob: 07919 171969
About Royal London
Royal London is the UK's largest customer-owned life, pensions, and investment company, and one of the top 30 mutuals globally*. With over 160 years of heritage and no external shareholders, we're able to take a long-term view, focusing on supporting better outcomes for our customers.
Today, Royal London looks after 8.4 million life and pension policies, with £212 billion of assets under management and over 5,000 colleagues**. In 2026, we shared £199 million of our profits with approximately 2.4 million eligible customers.
We invest in partnerships that reflect our values, including being the only Founding Partner of the first British & Irish Lions Women's Team, supporting women's and girls' rugby across grassroots and elite levels to help develop the next generation of players and coaches. All driven by our commitment to doing what's right for our customers.
Royal London works for you.
Discover more at royallondon.com.
*Based on total 2024 premium income. International Cooperative and Mutual Insurance Federation Global data, 2026.
**Figures quoted are as at 30 June 2026.
