Financial Planners have shrugged off Chancellor Rachel Reeves' Spring Statement as having little effect on their clients.

The Chancellor’s second round of fiscal announcements made yesterday was little more than a routine economic update, according to financial advisers and wealth managers.

Rob Clarry, investment strategist at wealth manager and Financial Planner Evelyn Partners, said it was clear that financial markets have shrugged off the Chancellor’s Spring Statement.

He added: “In the end, the financial markets shrugged it off. Investors seemed to take comfort from the Chancellor’s decision to cut government spending instead of borrowing or taxing more, at least in the near term."

Rob Morgan, chief investment analyst at wealth manager Charles Stanley, said it was no surprise that there was not much in terms of changes for personal finances within the statement.

He said: “Ahead of the day, Ms Reeves had emphasised this was not to be a “tax and spend” event, so it was not a surprise to see her resist new tax rises. The government’s promise not to raise personal or corporate tax rates alongside some worrying early signs in the jobs markets will have also prevented her from opting for hikes. There is just too much risk in terms of upsetting profitability, growth and employment.”

Rachael Griffin, tax and Financial Planning expert at wealth manager and Financial Planner Quilter, said that while there was little change to personal finances, it was encouraging to see the Treasury taking a serious look at ISA reform.

She said: “Reforms must be handled with care. Cash ISAs remain popular for a reason — they offer security, accessibility and certainty, particularly for older savers or those with shorter-term goals. The key will be finding the right balance and encouraging investment without alienating those who rely on safer options.

“As a brand ISAs have become increasingly confused with multiple different products and restrictions. Making ISAs easier to understand and use would encourage more people to engage with them, particularly younger savers. Any reform should also maintain strong tax incentives to ensure ISAs remain a compelling option for long-term wealth-building.

“Ultimately, the government has an opportunity to modernise ISAs in a way that boosts investment while keeping them accessible and attractive to savers. Striking the right balance between flexibility, incentives, and simplicity will be key.”