Spring Statement Summary 2026
On 3 March 2026, the Chancellor, Rachel Reeves, delivered the Government’s Spring Statement, providing an update on the UK’s economic outlook and the state of the public finances.
Unlike a full Budget, the Spring Statement typically focuses on economic forecasts and the Government’s fiscal position, rather than introducing significant new tax policy. The update drew on the latest projections from the Office for Budget Responsibility (OBR) and reflected the Government’s continued focus on economic stability and managing the public finances.
The announcement took place against a backdrop of ongoing global uncertainty, with wider economic factors continuing to influence the UK’s outlook.
A full summary of the Spring Statement and what it could mean for you and your business can be accessed below.